Lloyds Banking Group (LON:LLOY) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Lloyds Banking Group plc (LON:LLOY) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LLOY. Berenberg Bank reiterated a “hold” rating and set a GBX 117 price objective on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 124 target price on shares of Lloyds Banking Group in a research note on Friday, September 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a “neutral” rating in a research note on Tuesday, September 15th. Finally, Jefferies Financial Group raised their price target on Lloyds Banking Group from GBX 125 to GBX 127 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group 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 fifty day moving average price of GBX 112.20 and a two-hundred day moving average price of GBX 105.01. The firm has a market capitalization of £61.93 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91.

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

Insider Buying and Selling

In related news, insider William Chalmers sold 8,445,139 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68. Also, insider Catherine Woods bought 1,810 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were bought at an average cost of GBX 110 per share, for a total transaction of £1,991. Company insiders own 0.15% 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.