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

Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.96 ($1.04) and traded as high as GBX 86.54 ($1.15). Lloyds Banking Group shares last traded at GBX 85.46 ($1.14), with a volume of 262,639,094 shares changing hands.

Analyst Ratings Changes

LLOY has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Royal Bank Of Canada upgraded Lloyds Banking Group to an "outperform" rating and set a GBX 95 price target on the stock in a research report on Monday, August 4th. Jefferies Financial Group lifted their target price on Lloyds Banking Group from GBX 103 to GBX 105 and gave the stock a "buy" rating in a report on Wednesday, October 15th. Citigroup boosted their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Shore Capital reaffirmed a "hold" rating on shares of Lloyds Banking Group in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 90.33.

Lloyds Banking Group Stock Down 0.4%

The company has a market capitalization of £50.34 billion, a price-to-earnings ratio of 12.89, 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 82.82 and a 200-day moving average price of GBX 77.96.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. As a group, sell-side analysts predict that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers purchased 138,723 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of GBX 84 per share, with a total value of £116,527.32. Also, insider Charlie Nunn purchased 217,494 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of GBX 84 per share, for a total transaction of £182,694.96. Over the last ninety days, insiders have acquired 436,717 shares of company stock valued at $36,562,228. Company insiders own 0.16% of the company's stock.

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.

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