Lloyds Banking Group (LON:LLOY) Stock Passes Above 200 Day Moving Average - Time to Sell?

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LLOY shares. Citigroup increased their price target 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. Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 62 ($0.84) to GBX 71 ($0.96) and gave the company an "underweight" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 64.25 ($0.87).

Lloyds Banking Group Price Performance

The stock has a fifty day moving average price of GBX 72.63 and a two-hundred day moving average price of GBX 65.28. The company has a market cap of £46.64 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported GBX 1.70 ($0.02) earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Equities analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Insider Activity at Lloyds Banking Group

In related news, insider William Chalmers sold 11,338 shares of Lloyds Banking Group stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.95), for a total transaction of £7,936.60 ($10,736.74). 0.17% of the stock is currently owned by company insiders.

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.