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

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price passed 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 ($1.04). Lloyds Banking Group shares last traded at GBX 76.23 ($1.04), with a volume of 80,740,586 shares changing hands.

Wall Street Analyst Weigh In

LLOY has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Lloyds Banking Group from GBX 62 ($0.84) to GBX 71 ($0.96) and gave the company an "underweight" rating in a research report on Tuesday, March 25th. Citigroup raised their price objective on Lloyds Banking Group from GBX 61 ($0.83) to GBX 71 ($0.96) and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a report 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of GBX 64.25 ($0.87).

Lloyds Banking Group Stock Down 0.7%

The firm has a market capitalization of £46.25 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 1.84 and a beta of 1.23. The stock's 50 day moving average price is GBX 73.48 and its two-hundred day moving average price is GBX 66.01.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued 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 return on equity of 11.22% and a net margin of 16.66%. On average, equities analysts expect that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.

Insider Activity

In other news, insider William Chalmers sold 11,338 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of GBX 70 ($0.95), for a total value of £7,936.60 ($10,776.10). 0.17% of the stock is currently owned by corporate insiders.

About Lloyds Banking Group

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.