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

Shares of Lloyds Banking Group plc (LON:LLOY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 80.58 and traded as high as GBX 91.98. Lloyds Banking Group shares last traded at GBX 90.84, with a volume of 116,523,602 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 105 target price on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 93 price objective on shares of Lloyds Banking Group in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their target price on Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Shore Capital reiterated a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a report on Wednesday. Finally, Citigroup upped their price target on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 94.50.

Lloyds Banking Group Stock Performance

The business’s 50 day simple moving average is GBX 86.04 and its 200-day simple moving average is GBX 80.76. The stock has a market capitalization of £51.70 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, sell-side analysts expect that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Insider Buying and Selling at Lloyds Banking Group

In other Lloyds Banking Group news, insider Charlie Nunn bought 217,494 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average cost of GBX 84 per share, with a total value of £182,694.96. Also, insider William Chalmers bought 138,723 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of GBX 84 per share, with a total value of £116,527.32. In the last three months, insiders acquired 406,217 shares of company stock valued at $34,122,228. 0.16% of the stock is owned by 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.