Lloyds Banking Group (LON:LLOY) Reaches New 52-Week High – Here’s What Happened

Shares of Lloyds Banking Group plc (LON:LLOY) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 191.04 and last traded at GBX 109.95, with a volume of 688445125 shares traded. The stock had previously closed at GBX 107.75.

Analysts Set New Price Targets

A number of research analysts have issued reports on LLOY shares. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 120 price target on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Citigroup increased their price objective on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 113.80.

Lloyds Banking Group Stock Up 2.1%

The stock has a market cap of £64.12 billion, a P/E ratio of 14.48, a PEG ratio of 1.84 and a beta of 0.92. The stock has a fifty day simple moving average of GBX 100.34 and a 200-day simple moving average of GBX 99.81.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 EPS for the quarter. The company had revenue of GBX 478.50 billion during the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%. Sell-side analysts anticipate that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

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.