Lloyds Banking Group (LON:LLOY) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares of Lloyds Banking Group crossed above its 200-day moving average
• Analysts are split — three Buy and three Hold — producing a consensus rating of Moderate Buy and a consensus price target of GBX 98.50.
• Company insiders including Charlie Nunn and William Chalmers made sizeable purchases at GBX 84 in September, highlighting recent insider buying (insiders own 0.16% of the stock).

Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 82.76 and traded as high as GBX 95.54. Lloyds Banking Group shares last traded at GBX 94.84, with a volume of 286,828,438 shares traded.

Wall Street Analyst Weigh In

LLOY has been the topic of a number of research analyst reports. Shore Capital restated a "hold" rating and set a GBX 84 price objective on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 105 price target on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a GBX 93 price objective on shares of Lloyds Banking Group in a research report on Friday, October 10th. Citigroup lifted their target price on Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a "neutral" rating in a research report on Monday, December 1st. Finally, Royal Bank Of Canada boosted their target price on Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an "outperform" rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 98.50.

Lloyds Banking Group Stock Up 0.6%

The stock's fifty day moving average is GBX 89.33 and its two-hundred day moving average is GBX 82.76. The firm has a market capitalization of £55.77 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Insider Activity

In other Lloyds Banking Group news, insider Charlie Nunn acquired 217,494 shares of the company's stock in a transaction on Friday, September 19th. The shares were purchased at an average price of GBX 84 per share, for a total transaction of £182,694.96. Also, insider William Chalmers acquired 138,723 shares of the business's stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of GBX 84 per share, with a total value of £116,527.32. Company insiders own 0.16% of the company's stock.

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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