Lloyds Banking Group (LON:LLOY) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Lloyds Banking Group plc (LON:LLOY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 98.95 and traded as high as GBX 100.75. Lloyds Banking Group shares last traded at GBX 98.18, with a volume of 2,147,000,000 shares changing hands.

More Lloyds Banking Group News

Here are the key news stories impacting Lloyds Banking Group this week:

• Positive Sentiment: Lloyds announced a partnership with Stripe to offer payments software to business customers, potentially strengthening its small-business proposition and expanding fee-based revenue opportunities. Lloyds to Offer Stripe’s Payments Software to Business Customers
• Positive Sentiment: Lloyds Banking Group continued its buyback program, repurchasing and cancelling shares, which reduces share count and can boost earnings per share over time. Lloyds Banking Group Buys Back and Cancels 5 Million Shares
• Positive Sentiment: The new rewards section in Lloyds’ app and related customer promotions could improve engagement and help retain retail banking clients. Lloyds launches new rewards section in its app – and you could win £2,000
• Neutral Sentiment: Reports that some branches and bank locations are closing this week are part of the wider industry shift to digital banking, but could still raise concerns about service access for some customers. Banks closing this week including Halifax, NatWest, Lloyds, Bank of Scotland – full list
• Neutral Sentiment: Halifax’s latest survey showed UK house prices fell again in May, highlighting a weaker housing market that could weigh on lending sentiment and mortgage-related growth. U.K. House Prices Fall For Third Month: Halifax Survey
• Negative Sentiment: Calls for Lloyds to restore cheque deposits at banking hubs suggest customer service pressure around branch access remains a reputational issue. MP joins call for Lloyds to restore cheque deposits at banking hubs

Analysts Set New Price Targets

LLOY has been the topic of several research analyst reports. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Citigroup boosted their price target 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. Jefferies Financial Group restated a “buy” rating and set a GBX 125 price target on shares of Lloyds Banking Group in a report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 120 price target on shares of Lloyds Banking Group in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 113.44.

Lloyds Banking Group Trading Down 0.2%

The firm’s fifty day moving average price is GBX 98.88 and its 200 day moving average price is GBX 98.95. The firm has a market capitalization of £57.09 billion, a PE ratio of 12.89, a PEG ratio of 1.84 and a beta of 0.92.

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