Lloyds Banking Group (LON:LLOY) Reaches New 52-Week High – Should You Buy?

Lloyds Banking Group plc (LON:LLOY)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 86.70 ($1.15) and last traded at GBX 86.60 ($1.15), with a volume of 386578813 shares. The stock had previously closed at GBX 85.26 ($1.14).

Wall Street Analyst Weigh In

LLOY has been the subject of a number of research reports. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research report on Friday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Citigroup upped their price target on shares of 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, Royal Bank Of Canada raised shares of Lloyds Banking Group to an “outperform” rating and set a GBX 95 price target for the company in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 90.33.

Lloyds Banking Group Trading Up 1.5%

The business’s 50-day simple moving average is GBX 82.89 and its two-hundred day simple moving average is GBX 78.26. The company has a market capitalization of £51.21 billion, a PE ratio of 13.12, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, analysts forecast that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Insider Buying and Selling at Lloyds Banking Group

In related news, insider Chris Vogelzang bought 50,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £42,000. Also, insider William Chalmers bought 138,723 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was bought at an average price of GBX 84 per share, for a total transaction of £116,527.32. Insiders bought a total of 436,717 shares of company stock valued at $36,562,228 in the last ninety days. 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.