Lloyds Banking Group (LON:LLOY) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Lloyds' shares crossed above their 200-day moving average, with the 200-day MA at GBX 97.40, an intraday high of GBX 100.28 and last trade at GBX 97.97 on a volume of 168,255,313 shares.
• Analyst sentiment is broadly positive: six Buys, two Holds and one Sell give an average rating of "Moderate Buy" and an average price target of GBX 113.44, with recent targets ranging from GBX 103 to GBX 125.
• The stock trades on a valuation of P/E 12.87 with a market cap of £57.10 billion; Lloyds reported quarterly EPS of GBX 2.40, a net margin of 25.91% and analysts expect around 7.32 EPS for the fiscal year.

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.40 and traded as high as GBX 100.28. Lloyds Banking Group shares last traded at GBX 97.97, with a volume of 168,255,313 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a GBX 103 price target on shares of Lloyds Banking Group in a report on Friday, January 23rd. Citigroup upped their price target on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a "buy" rating in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a "neutral" rating for the company in a report on Monday, April 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 120 price target on shares of Lloyds Banking Group in a report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 125 price target on shares of Lloyds Banking Group in a report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 113.44.

Lloyds Banking Group Trading Down 0.2%

The stock's 50-day moving average is GBX 97.82 and its 200-day moving average is GBX 97.40. The firm has a market capitalization of £57.10 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.84 and a beta of 0.94.

Lloyds Banking Group (LON:LLOY - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share (EPS) for the quarter. The business had revenue of GBX 478.50 billion during the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. On average, equities research analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.

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.

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