Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 77.36 ($1.04) and traded as high as GBX 85.32 ($1.14). Lloyds Banking Group shares last traded at GBX 84.94 ($1.14), with a volume of 104,264,633 shares.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Shore Capital reissued a "hold" rating and set a GBX 74 target price on shares of Lloyds Banking Group in a report on Monday. Royal Bank Of Canada raised Lloyds Banking Group to an "outperform" rating and set a GBX 95 target price on the stock in a report on Monday, August 4th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a GBX 93 price objective on shares of Lloyds Banking Group in a report on Friday, October 10th. JPMorgan Chase & Co. upped their price objective on Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a "neutral" rating in a report on Tuesday, September 9th. Finally, Citigroup upped their price objective on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 90.33.
Read Our Latest Stock Report on LLOY
Lloyds Banking Group Trading Up 0.9%
The business has a 50-day moving average price of GBX 82.63 and a two-hundred day moving average price of GBX 77.36. The stock has a market capitalization of £50.25 billion, a P/E ratio of 1,286.94, a P/E/G ratio of 1.84 and a beta of 1.23.
Lloyds Banking Group (LON:LLOY - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported GBX 3.80 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, sell-side analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.
Insider Activity
In other Lloyds Banking Group news, insider Chris Vogelzang acquired 50,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average cost of GBX 84 per share, for a total transaction of £42,000. Also, insider Charlie Nunn acquired 217,494 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of GBX 84 per share, with a total value of £182,694.96. In the last three months, insiders purchased 436,717 shares of company stock worth $36,562,228. 0.16% of the stock is currently owned by company insiders.
About Lloyds Banking Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lloyds Banking Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lloyds Banking Group wasn't on the list.
While Lloyds Banking Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
