Lloyds Banking Group (LON:LLOY) Stock Passes Above 200 Day Moving Average - Time to Sell?

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 56.83 ($0.70) and traded as high as GBX 57.98 ($0.71). Lloyds Banking Group shares last traded at GBX 57.26 ($0.70), with a volume of 103,256,813 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on LLOY. Shore Capital reissued a "hold" rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 60 ($0.73) target price on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of "Hold" and an average target price of GBX 55.50 ($0.68).

Lloyds Banking Group Trading Up 2.4 %

The stock has a market capitalization of £35.93 billion, a price-to-earnings ratio of 837.71, a PEG ratio of 1.84 and a beta of 1.23. The stock's 50 day moving average is GBX 54.32 and its 200 day moving average is GBX 56.83.

Insider Activity

In related news, insider William Chalmers purchased 128,804 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were bought at an average price of GBX 54 ($0.66) per share, for a total transaction of £69,554.16 ($85,102.36). Company insiders own 0.17% of the company's stock.

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.