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

Lloyds Banking Group plc (LON:LLOY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 56.83 ($0.69) and traded as high as GBX 57.98 ($0.71). Lloyds Banking Group shares last traded at GBX 57.26 ($0.70), with a volume of 103,256,813 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on LLOY. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.73) price objective on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of GBX 55.50 ($0.68).

Lloyds Banking Group Stock Up 2.4 %

The company has a market cap of £35.93 billion, a PE ratio of 837.71, a P/E/G ratio of 1.84 and a beta of 1.23. The business’s fifty day moving average is GBX 54.44 and its 200-day moving average is GBX 56.87.

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers bought 128,804 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of GBX 54 ($0.66) per share, with a total value of £69,554.16 ($84,626.06). Corporate 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.