Lloyds Banking Group (LON:LLOY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 57.02 ($0.71) and traded as high as GBX 62.42 ($0.78). Lloyds Banking Group shares last traded at GBX 61.82 ($0.77), with a volume of 101,225,297 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LLOY shares. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 60 ($0.75) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Shore Capital reissued a "hold" rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 55.50 ($0.69).

Lloyds Banking Group Trading Down 1.2 %

The company has a market cap of £37.88 billion, a price-to-earnings ratio of 883.14, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company has a fifty day moving average price of GBX 55.14 and a two-hundred day moving average price of GBX 57.05.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers acquired 128,804 shares of Lloyds Banking Group stock in a transaction on Thursday, December 19th. The shares were bought at an average price of GBX 54 ($0.67) per share, with a total value of £69,554.16 ($86,823.32). 0.17% of the stock is owned by company insiders.

Lloyds Banking Group Company Profile

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community. The Group's main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.