Lloyds Banking Group (LON:LLOY) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Lloyds Banking Group plc (LON:LLOY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.02 ($0.71) and traded as high as GBX 62.42 ($0.78). Lloyds Banking Group shares last traded at GBX 61.82 ($0.77), with a volume of 101,225,297 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LLOY. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 60 ($0.75) target price on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 55.50 ($0.69).

Lloyds Banking Group Stock Performance

The business’s 50-day moving average price is GBX 55.14 and its 200 day moving average price is GBX 57.05. The stock has a market capitalization of £37.88 billion, a PE ratio of 883.14, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Insider Activity

In related news, insider William Chalmers bought 128,804 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of GBX 54 ($0.67) per share, for a total transaction of £69,554.16 ($86,823.32). Company insiders own 0.17% of the company’s stock.

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.