Lloyds Banking Group (LON:LLOY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Lloyds Banking Group plc (LON:LLOY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 103.88 and traded as high as GBX 111.50. Lloyds Banking Group shares last traded at GBX 111.25, with a volume of 91,039,859 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LLOY shares. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 125 price objective on shares of Lloyds Banking Group in a research note on Friday, July 31st. Citigroup boosted their price objective on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada increased their target price on Lloyds Banking Group from GBX 120 to GBX 124 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 117 target price on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lloyds Banking Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 114.20.

Lloyds Banking Group Stock Up 1.4%

The firm has a market cap of £64.59 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. The stock’s 50-day moving average is GBX 112.05 and its 200-day moving average is GBX 103.88.

Lloyds Banking Group (LON:LLOY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. As a group, analysts expect that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal 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.