Lloyds Banking Group (LON:LLOY) Shares Cross Above 200 Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemShares of Lloyds Banking Group plc (LON:LLOY – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.40 and traded as high as GBX 100.28. Lloyds Banking Group shares last traded at GBX 97.97, with a volume of 168,255,313 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lloyds Banking Group to GBX 125 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. UBS Group reissued a “neutral” rating and set a GBX 103 target price on shares of Lloyds Banking Group in a report on Friday, January 23rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a report on Wednesday, April 29th. Citigroup boosted their target price on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 113.44.
View Our Latest Stock Report on Lloyds Banking Group
Lloyds Banking Group Stock Performance
The stock has a market capitalization of £57.10 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94. The stock’s fifty day simple moving average is GBX 97.82 and its two-hundred day simple moving average is GBX 97.40.
Lloyds Banking Group (LON:LLOY – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share for the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. The company had revenue of GBX 478.50 billion during the quarter. As a group, analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal 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.