Lloyds Banking Group plc (LON:LLOY - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 65.71 ($0.89) and traded as high as GBX 76.88 ($1.05). Lloyds Banking Group shares last traded at GBX 76.23 ($1.04), with a volume of 80,740,586 shares.
Analyst Ratings Changes
Several equities research analysts recently issued reports on LLOY shares. JPMorgan Chase & Co. lifted their price objective on shares of Lloyds Banking Group from GBX 62 ($0.84) to GBX 71 ($0.97) and gave the company an "underweight" rating in a research note on Tuesday, March 25th. Citigroup boosted their price target on Lloyds Banking Group from GBX 61 ($0.83) to GBX 71 ($0.97) and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of "Hold" and a consensus price target of GBX 64.25 ($0.87).
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Lloyds Banking Group Stock Performance
The firm has a market capitalization of £46.50 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business's 50 day moving average is GBX 73.06 and its 200-day moving average is GBX 65.71.
Lloyds Banking Group (LON:LLOY - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported GBX 1.70 ($0.02) earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities research analysts forecast that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.
Insider Activity
In related news, insider William Chalmers sold 11,338 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.95), for a total value of £7,936.60 ($10,805.45). 0.17% of the stock is owned by company insiders.
Lloyds Banking Group Company Profile
(
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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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