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

Lloyds Banking Group plc (LON:LLOY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.02 ($0.71) and traded as high as GBX 62.42 ($0.78). Lloyds Banking Group shares last traded at GBX 61.82 ($0.77), with a volume of 101,225,297 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LLOY. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 60 ($0.75) price target on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 55.50 ($0.69).

Lloyds Banking Group Stock Performance

The firm has a market cap of £37.88 billion, a price-to-earnings ratio of 883.14, a P/E/G ratio of 1.84 and a beta of 1.23. The business has a 50 day simple moving average of GBX 55.14 and a 200-day simple moving average of GBX 57.05.

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers bought 128,804 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of GBX 54 ($0.67) per share, for a total transaction of £69,554.16 ($86,823.32). Company insiders own 0.17% of the company’s stock.

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.