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

Key Points

• Lloyds Banking Group shares have crossed above their 200-day moving average, trading at GBX 82.80, with a peak of GBX 84.40 during the session.
• Analysts have varied opinions on the stock, with ratings ranging from "hold" to "buy," and a consensus price target of GBX 89.40.
• Recent insider activity shows significant purchases, with insiders acquiring a total of 436,717 shares valued at over £116,000 in recent months.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 76.40 ($1.03) and traded as high as GBX 84.40 ($1.13). Lloyds Banking Group shares last traded at GBX 82.80 ($1.11), with a volume of 69,190,375 shares traded.

Wall Street Analyst Weigh In

LLOY has been the topic of several recent analyst reports. Shore Capital reiterated a "hold" rating and set a GBX 74 target price on shares of Lloyds Banking Group in a research note on Thursday, July 24th. Royal Bank Of Canada raised Lloyds Banking Group to an "outperform" rating and set a GBX 95 price target on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. Citigroup boosted their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group upped their target price on shares of Lloyds Banking Group from GBX 92 to GBX 103 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of "Hold" and a consensus price target of GBX 89.40.

Lloyds Banking Group Price Performance

The company has a market capitalization of £49.21 billion, a PE ratio of 1,256.67, a P/E/G ratio of 1.84 and a beta of 1.23. The company has a 50-day moving average of GBX 81.33 and a two-hundred day moving average of GBX 76.40.

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%. As a group, research analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Insider Activity at Lloyds Banking Group

In related news, insider William Chalmers bought 138,723 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £116,527.32. Also, insider Chris Vogelzang bought 50,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of GBX 84 per share, for a total transaction of £42,000. Over the last three months, insiders have purchased 436,717 shares of company stock worth $36,562,228. Corporate 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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