Lloyds Banking Group (LON:LLOY) Shares Cross Above 200-Day Moving Average of $54.66

Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 54.66 ($0.71) and traded as high as GBX 58.47 ($0.76). Lloyds Banking Group shares last traded at GBX 58.04 ($0.76), with a volume of 70,242,231 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on LLOY. Citigroup reiterated a "neutral" rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Berenberg Bank restated a "hold" rating and issued a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Shore Capital restated a "hold" rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.71) and gave the company an "underweight" rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 56.33 ($0.74).

Lloyds Banking Group Price Performance

The firm has a 50 day simple moving average of GBX 58.16 and a 200-day simple moving average of GBX 54.71. The company has a market cap of £35.75 billion, a price-to-earnings ratio of 829.14, a PEG ratio of 1.68 and a beta of 1.23.

Lloyds Banking Group Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 1st were given a dividend of GBX 1.06 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a dividend yield of 1.78%. Lloyds Banking Group's dividend payout ratio is currently 4,285.71%.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.