Lloyds Banking Group (LON:LLOY) Sets New 12-Month High – Here’s What Happened

Lloyds Banking Group plc (LON:LLOY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 98.28 and last traded at GBX 98.26, with a volume of 485583000 shares changing hands. The stock had previously closed at GBX 97.26.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Shore Capital restated a “hold” rating and issued a GBX 84 price objective on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a GBX 93 target price on shares of Lloyds Banking Group in a research report on Friday, October 10th. Citigroup increased their price target on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Jefferies Financial Group restated a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada upped their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group presently has an average rating of “Moderate Buy” and an average target price of GBX 98.50.

Lloyds Banking Group Stock Up 0.8%

The stock has a market cap of £57.66 billion, a P/E ratio of 17.20, a PEG ratio of 1.84 and a beta of 1.23. The business has a 50-day simple moving average of GBX 92.45 and a 200-day simple moving average of GBX 84.57.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings results on Thursday, December 11th. The financial services provider reported GBX 6.30 EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal 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.