Lloyds Banking Group (LON:LLOY) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Lloyds Banking Group plc (LON:LLOY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 93.58 and traded as high as GBX 96.12. Lloyds Banking Group shares last traded at GBX 95.06, with a volume of 1,463,376,000 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lloyds Banking Group to GBX 125 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Shore Capital Group downgraded shares of Lloyds Banking Group to a “sell” rating and lifted their target price for the stock from GBX 84 to GBX 91 in a report on Monday, February 2nd. UBS Group reissued a “neutral” rating and set a GBX 103 target price on shares of Lloyds Banking Group in a research report on Friday, January 23rd. Finally, Citigroup upped their price target on shares of Lloyds Banking Group from GBX 98 to GBX 106 and gave the company a “neutral” rating in a report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 107.78.

Lloyds Banking Group Stock Performance

The company has a market capitalization of £55.84 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.84 and a beta of 0.93. The company has a 50-day simple moving average of GBX 102.32 and a 200 day simple moving average of GBX 93.58.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data 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 9.93% and a net margin of 24.49%. As a group, sell-side 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.