Lloyds Banking Group (LON:LLOY) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Lloyds Banking Group plc (LON:LLOYGet Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 103.58 and traded as high as GBX 116.55. Lloyds Banking Group shares last traded at GBX 115.30, with a volume of 212,097,906 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LLOY. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 125 price objective on shares of Lloyds Banking Group in a research report on Friday, July 31st. Berenberg Bank restated a “hold” rating and set a GBX 117 price objective on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Citigroup boosted their price objective on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada upped their target price on shares of Lloyds Banking Group from GBX 120 to GBX 124 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 114.20.

View Our Latest Stock Report on Lloyds Banking Group

Lloyds Banking Group Trading Down 0.1%

The stock has a market cap of £66.88 billion, a P/E ratio of 14.40, a PEG ratio of 1.84 and a beta of 0.91. The company has a 50 day simple moving average of GBX 110.77 and a 200 day simple moving average of GBX 103.66.

Lloyds Banking Group (LON:LLOYGet Free Report) 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, sell-side analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

About Lloyds Banking Group

(Get Free Report)

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.

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