Lloyds Banking Group (LON:LLOY) Reaches New 1-Year High - Should You Buy?

Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 63.90 ($0.80) and last traded at GBX 63.64 ($0.80), with a volume of 204042109 shares trading hands. The stock had previously closed at GBX 62.80 ($0.79).

Analyst Ratings Changes

LLOY has been the subject of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a GBX 60 ($0.75) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Citigroup reaffirmed a "neutral" rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital restated a "hold" rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of GBX 56.60 ($0.71).

Lloyds Banking Group Stock Down 0.1 %

The firm has a market capitalization of £38.90 billion, a P/E ratio of 8.12, a PEG ratio of 1.84 and a beta of 1.23. The firm has a 50 day moving average of GBX 57.58 and a 200-day moving average of GBX 57.40.

Insider Activity

In other news, insider William Chalmers purchased 128,804 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,500.52). Corporate insiders own 0.17% 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.