Lloyds Banking Group (LON:LLOY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Lloyds Banking Group plc (LON:LLOY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 68.62 ($0.93) and traded as high as GBX 76.06 ($1.03). Lloyds Banking Group shares last traded at GBX 75.66 ($1.03), with a volume of 82,250,672 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LLOY shares. JPMorgan Chase & Co. raised their price objective on 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. Shore Capital restated a "hold" rating on shares of Lloyds Banking Group in a 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 issued a buy rating to the company's stock. According to data from MarketBeat, Lloyds Banking Group has a consensus rating of "Hold" and an average target price of GBX 64.25 ($0.87).

Lloyds Banking Group Stock Up 0.6%

The firm has a market cap of £46.11 billion, a price-to-earnings ratio of 9.62, 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 75.59 and a 200-day moving average price of GBX 68.67.

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) earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Research analysts anticipate that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers acquired 152,181 shares of the stock in a transaction on Friday, June 20th. The stock was purchased at an average price of GBX 76 ($1.03) per share, for a total transaction of £115,657.56 ($157,122.08). Also, insider Charlie Nunn acquired 238,593 shares of the stock in a transaction on Friday, June 20th. The shares were acquired at an average price of GBX 76 ($1.03) per share, with a total value of £181,330.68 ($246,339.74). 0.17% of the stock is 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.