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

Key Points

• Lloyds shares rose above their 200-day moving average, reaching GBX 111.05 before last trading at GBX 108.30 on substantial volume.
• Analysts have a broadly positive view, with six Buy, three Hold and one Sell rating; the consensus is “Moderate Buy” with an average price target of GBX 114.60.
• The company reported GBX 4.80 earnings per share for the latest quarter, alongside an 11.05% return on equity and 26.73% net margin. Insider William Chalmers sold 8.45 million shares for approximately £9.46 million.

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 104.85 and traded as high as GBX 111.05. Lloyds Banking Group shares last traded at GBX 108.30, with a volume of 202,911,047 shares.

Analysts Set New Price Targets

Several research analysts have commented on LLOY shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a "neutral" rating in a report on Tuesday, September 15th. Berenberg Bank restated a "hold" rating and issued a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 124 price objective on shares of Lloyds Banking Group in a research note on Friday, September 11th. Finally, Jefferies Financial Group lifted their price objective on shares of Lloyds Banking Group from GBX 125 to GBX 127 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Six investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 114.60.

Lloyds Banking Group Price Performance

The business has a 50-day moving average of GBX 112.41 and a 200-day moving average of GBX 104.85. The stock has a market cap of £62.69 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.84 and a beta of 0.91.

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

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total value of £9,458,555.68. 0.15% 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.

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