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

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s stock price 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 changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on shares of 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 assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 64.25 ($0.87).

Lloyds Banking Group Trading Up 1.0%

The company has a market capitalization of £46.29 billion, a PE ratio of 9.66, a PEG ratio of 1.84 and a beta of 1.23. The firm's 50-day simple moving average is GBX 75.59 and its 200-day simple moving average is GBX 68.67.

Lloyds Banking Group (LON:LLOY - Get Free Report) last released its quarterly earnings data 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 net margin of 16.66% and a return on equity of 11.22%. As a group, analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Insider Activity

In other Lloyds Banking Group news, insider Charlie Nunn purchased 238,593 shares of the stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of GBX 76 ($1.03) per share, with a total value of £181,330.68 ($246,440.17). Also, insider William Chalmers purchased 152,181 shares of the stock in a transaction dated Friday, June 20th. The stock was acquired at an average cost of GBX 76 ($1.03) per share, with a total value of £115,657.56 ($157,186.14). 0.17% of the stock is owned by 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.