Lloyds Banking Group (LON:LLOY) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Lloyds Banking Group plc (LON:LLOY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 83.46 and traded as high as GBX 96.34. Lloyds Banking Group shares last traded at GBX 96.34, with a volume of 70,623,875 shares trading hands.

Analyst Ratings Changes

LLOY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research note on Friday, October 10th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Shore Capital reaffirmed a “hold” rating and set a GBX 84 target price on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 100 to GBX 102 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Citigroup raised their price target on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a “neutral” rating in a research report on Monday, December 1st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 98.50.

Lloyds Banking Group Price Performance

The business’s 50 day simple moving average is GBX 90.85 and its 200 day simple moving average is GBX 83.60. The stock has a market cap of £57.29 billion, a P/E ratio of 17.09, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Thursday, December 11th. The financial services provider reported GBX 6.30 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Research analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

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.