Lloyds Banking Group (LON:LLOY) Shares Pass Above 200 Day Moving Average – Should You Sell?

Lloyds Banking Group plc (LON:LLOY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 90.46 and traded as high as GBX 106.85. Lloyds Banking Group shares last traded at GBX 102.80, with a volume of 305,951,094 shares changing hands.

Analyst Upgrades and Downgrades

LLOY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Lloyds Banking Group to GBX 125 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Barclays boosted their price objective on Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Shore Capital Group lowered Lloyds Banking Group to a “sell” rating and boosted their price target for the company from GBX 84 to GBX 91 in a report on Monday, February 2nd. Royal Bank Of Canada upped their price target on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, UBS Group restated a “neutral” rating and issued a GBX 103 price target on shares of Lloyds Banking Group in a report on Friday, January 23rd. Five 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 107.78.

Lloyds Banking Group Trading Down 2.3%

The stock has a market cap of £60.51 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.84 and a beta of 1.23. The firm’s 50-day moving average is GBX 100.62 and its two-hundred day moving average is GBX 90.46.

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, 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.