Lloyds Banking Group plc (LON:LLOY - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 58.88 ($0.76) and traded as high as GBX 69.44 ($0.90). Lloyds Banking Group shares last traded at GBX 68.12 ($0.88), with a volume of 811,971,813 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on LLOY. Shore Capital reissued a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the company an "underweight" rating in a research note on Tuesday, February 25th. Finally, Citigroup increased their price target on Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the stock a "buy" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of "Hold" and a consensus price target of GBX 60.60 ($0.78).
Check Out Our Latest Analysis on LLOY
Lloyds Banking Group Price Performance
The firm has a market capitalization of £42.34 billion, a P/E ratio of 8.83, a PEG ratio of 1.84 and a beta of 1.23. The company's 50 day moving average price is GBX 63.40 and its 200 day moving average price is GBX 58.96.
Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, research analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider William Chalmers purchased 128,804 shares of Lloyds Banking Group stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of GBX 54 ($0.70) per share, for a total transaction of £69,554.16 ($89,909.72). Corporate insiders own 0.17% of the company's stock.
About Lloyds Banking Group
(
Get Free Report)
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.
Read More
Before you consider Lloyds Banking Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lloyds Banking Group wasn't on the list.
While Lloyds Banking Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
