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

Key Points

• Lloyds Banking Group shares rose above their 200-day moving average, reaching GBX 116.55 and last trading at GBX 115.30, compared with a 200-day average of GBX 103.58.
• Analyst sentiment is broadly positive, with six Buy, three Hold and one Sell ratings. MarketBeat reports a “Moderate Buy” consensus and an average price target of GBX 114.20, below the latest trading price.
• The bank reported quarterly EPS of GBX 4.80, alongside a 26.73% net margin and 11.05% return on equity; its market capitalization is approximately £66.94 billion.

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 103.58 and traded as high as GBX 116.55. Lloyds Banking Group shares last traded at GBX 115.30, with a volume of 212,097,906 shares trading hands.

Analysts Set New Price Targets

LLOY has been the subject of several research analyst reports. Shore Capital Group reiterated a "sell" rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Lloyds Banking Group from GBX 120 to GBX 124 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Finally, Citigroup raised their price objective on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a "buy" rating in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Lloyds Banking Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 114.20.

Lloyds Banking Group Stock Up 0.1%

The company has a market cap of £66.94 billion, a PE ratio of 14.41, a P/E/G ratio of 1.84 and a beta of 0.91. The firm's fifty day simple moving average is GBX 110.45 and its 200-day simple moving average is GBX 103.58.

Lloyds Banking Group (LON:LLOY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. On average, analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

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.

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