Shares of Lloyds Banking Group PLC (LON:LLOY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $58.28 and traded as high as $55.86. Lloyds Banking Group shares last traded at $55.51, with a volume of 330,872,709 shares traded.
A number of equities research analysts recently weighed in on LLOY shares. HSBC reduced their price objective on Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a “hold” rating on the stock in a research report on Thursday, August 15th. UBS Group restated a “buy” rating and set a GBX 65 ($0.85) price objective (down previously from GBX 70 ($0.91)) on shares of Lloyds Banking Group in a research report on Friday, September 13th. Berenberg Bank set a GBX 55 ($0.72) target price on Lloyds Banking Group and gave the stock a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. set a GBX 60 ($0.78) target price on Lloyds Banking Group and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Davy Research raised Lloyds Banking Group to an “outperform” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of GBX 66.25 ($0.87).
The stock has a market capitalization of $38.80 billion and a price-to-earnings ratio of 10.47. The company has a fifty day simple moving average of GBX 51.23 and a 200 day simple moving average of GBX 58.28.
The business also recently announced a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were issued a dividend of GBX 1.12 ($0.01) per share. This represents a yield of 2.03%. The ex-dividend date was Thursday, August 8th. Lloyds Banking Group’s payout ratio is presently 0.57%.
In other news, insider William Chalmers sold 384,733 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of GBX 53 ($0.69), for a total value of £203,908.49 ($266,442.56). Also, insider Amanda Mackenzie OBE acquired 63,567 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of GBX 50 ($0.65) per share, for a total transaction of £31,783.50 ($41,530.77). Insiders have sold a total of 853,217 shares of company stock worth $46,718,717 over the last ninety days.
Lloyds Banking Group Company Profile (LON:LLOY)
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.