Lloyds Banking Group (LON:LLOY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Lloyds Banking Group plc (LON:LLOY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 101.10 and traded as high as GBX 112.52. Lloyds Banking Group shares last traded at GBX 111.70, with a volume of 92,091,547 shares changing hands.

Analyst Ratings Changes

LLOY has been the topic of several research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a research note on Wednesday, April 29th. Citigroup increased their target price on Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research report on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 113.80.

Lloyds Banking Group Stock Performance

The company has a market capitalization of £64.97 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.84 and a beta of 0.91. The company’s 50 day simple moving average is GBX 102.73 and its 200-day simple moving average is GBX 101.10.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share for the quarter. The business had revenue of GBX 478.50 billion during the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. Sell-side analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

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.