Lloyds Banking Group (LON:LLOY) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Lloyds Banking Group plc (LON:LLOY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 81.37 and traded as high as GBX 95.30. Lloyds Banking Group shares last traded at GBX 94.22, with a volume of 208,061,234 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on LLOY. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a GBX 93 price target on shares of Lloyds Banking Group in a research note on Friday, October 10th. Shore Capital restated a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. Royal Bank Of Canada upped their target price on Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, Citigroup raised their price objective on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 94.50.

Lloyds Banking Group Stock Performance

The company has a market capitalization of £55.59 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business has a 50 day moving average of GBX 86.67 and a 200-day moving average of GBX 81.37.

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. As a group, equities analysts forecast that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider William Chalmers acquired 138,723 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was purchased at an average price of GBX 84 per share, with a total value of £116,527.32. Also, insider Charlie Nunn purchased 217,494 shares of the company’s stock in a transaction on Friday, September 19th. The shares were purchased at an average cost of GBX 84 per share, with a total value of £182,694.96. 0.16% of the stock is owned by insiders.

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.