Lloyds Banking Group (LON:LLOY) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 64.83 ($0.88) and traded as high as GBX 78.12 ($1.06). Lloyds Banking Group shares last traded at GBX 77.04 ($1.04), with a volume of 118,882,563 shares.

Analysts Set New Price Targets

A number of brokerages have commented on LLOY. Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, May 1st. Citigroup boosted their target price on shares of 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, JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 62 ($0.84) to GBX 71 ($0.96) and gave the stock an "underweight" rating in a report on Tuesday, March 25th. 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. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of "Hold" and an average target price of GBX 64.25 ($0.87).

Lloyds Banking Group Trading Up 0.0%

The stock has a market cap of £46.44 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business has a 50-day moving average price of GBX 72.45 and a 200-day moving average price of GBX 64.99.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted 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 expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group 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 ($10,755.66). 0.17% of the stock is 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.