Lloyds Banking Group (LON:LLOY) Shares Cross Above 200 Day Moving Average – What’s Next?

Lloyds Banking Group plc (LON:LLOY)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 101.81 and traded as high as GBX 112.45. Lloyds Banking Group shares last traded at GBX 111.03, with a volume of 223,284,844 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 120 price target on shares of Lloyds Banking Group in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a report on Monday, April 13th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 target price on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Citigroup increased their target price on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Shore Capital Group reissued a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 113.80.

Lloyds Banking Group Stock Up 0.2%

The company has a market capitalization of £64.58 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.84 and a beta of 0.91. The firm’s 50-day moving average price is GBX 104.66 and its 200 day moving average price is GBX 101.81.

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