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 69.43 ($0.93) and traded as high as GBX 77.36 ($1.04). Lloyds Banking Group shares last traded at GBX 76.40 ($1.02), with a volume of 74,343,492 shares.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Lloyds Banking Group from GBX 62 ($0.83) to GBX 71 ($0.95) and gave the company an "underweight" rating in a research note on Tuesday, March 25th. Shore Capital reaffirmed a "hold" rating on shares of Lloyds Banking Group in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of GBX 64.25 ($0.86).
Check Out Our Latest Stock Analysis on Lloyds Banking Group
Lloyds Banking Group Trading Up 0.2%
The stock has a 50 day simple moving average of GBX 76.31 and a 200 day simple moving average of GBX 69.86. The stock has a market cap of £47.51 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.
Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported GBX 1.70 ($0.02) EPS for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Equities analysts anticipate that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.
Insider Activity
In other news, insider Charlie Nunn bought 238,593 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average price of GBX 76 ($1.02) per share, with a total value of £181,330.68 ($243,233.64). Also, insider William Chalmers purchased 152,181 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought at an average price of GBX 76 ($1.02) per share, for a total transaction of £115,657.56 ($155,140.93). Company insiders own 0.17% of the company's stock.
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.
Further Reading
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