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

Shares of Lloyds Banking Group plc (LON:LLOY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 98.62 and traded as high as GBX 101.65. Lloyds Banking Group shares last traded at GBX 100.10, with a volume of 177,643,625 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LLOY shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lloyds Banking Group to GBX 125 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 120 target price on shares of Lloyds Banking Group in a report on Thursday, April 30th. Citigroup upped their target price on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Shore Capital Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 113.44.

Lloyds Banking Group Trading Down 1.3%

The stock’s 50-day simple moving average is GBX 98.06 and its 200-day simple moving average is GBX 98.62. The stock has a market cap of £58.45 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. The firm had revenue of GBX 478.50 billion for the quarter. On average, equities research analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

Lloyds Banking Group Company Profile

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.