Lloyds Banking Group (LON:LLOY) Shares Pass Above 200-Day Moving Average of $44.82

Lloyds Banking Group plc (LON:LLOY – Get Rating)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 44.82 ($0.55) and traded as high as GBX 49.81 ($0.62). Lloyds Banking Group shares last traded at GBX 49.81 ($0.62), with a volume of 74,769,569 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LLOY. Credit Suisse Group reissued an “outperform” rating and issued a GBX 73 ($0.90) target price on shares of Lloyds Banking Group in a research note on Friday, September 30th. Barclays dropped their target price on Lloyds Banking Group to GBX 70 ($0.87) and set an “underweight” rating for the company in a research report on Monday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 64 ($0.79) price target on shares of Lloyds Banking Group in a research note on Friday, October 28th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 55 ($0.68) price objective on shares of Lloyds Banking Group in a research report on Friday, October 28th. Finally, The Goldman Sachs Group set a GBX 70 ($0.87) target price on Lloyds Banking Group in a research note on Thursday, October 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 64.33 ($0.80).

Lloyds Banking Group Stock Performance

The firm’s fifty day moving average price is GBX 46.77 and its 200 day moving average price is GBX 44.88. The firm has a market cap of £34.33 billion and a P/E ratio of 852.17.

Insiders Place Their Bets

In related news, insider William Chalmers acquired 146,866 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The shares were bought at an average price of GBX 45 ($0.56) per share, with a total value of £66,089.70 ($81,824.56). In other Lloyds Banking Group news, insider Cathy Turner acquired 424,113 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The stock was purchased at an average price of GBX 47 ($0.58) per share, for a total transaction of £199,333.11 ($246,791.02). Also, insider William Chalmers bought 146,866 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The shares were acquired at an average price of GBX 45 ($0.56) per share, for a total transaction of £66,089.70 ($81,824.56).

Lloyds Banking Group Company Profile

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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers.