Lloyds Banking Group (LON:LLOY) Hits New 52-Week High – What’s Next?

Lloyds Banking Group plc (LON:LLOY)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 100.32 and last traded at GBX 99.96, with a volume of 130028727 shares traded. The stock had previously closed at GBX 99.24.

Wall Street Analyst Weigh In

LLOY has been the topic of a number of research analyst reports. Shore Capital restated a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Citigroup raised their target price on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a “neutral” rating in a research report on Monday, December 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a GBX 93 price objective on shares of Lloyds Banking Group in a research note on Friday, October 10th. Royal Bank Of Canada raised their price objective on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their target price on Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 98.50.

Lloyds Banking Group Stock Performance

The business’s fifty day moving average price is GBX 93.54 and its two-hundred day moving average price is GBX 85.19. The firm has a market capitalization of £58.78 billion, a P/E ratio of 17.54, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, December 11th. The financial services provider reported GBX 6.30 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Sell-side analysts predict 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.