Lloyds Banking Group (LON:LLOY) Stock Passes Above 200 Day Moving Average of $49.61

Lloyds Banking Group plc (LON:LLOY)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 49.61 ($0.63) and traded as high as GBX 56.08 ($0.71). Lloyds Banking Group shares last traded at GBX 55.62 ($0.70), with a volume of 129,713,020 shares changing hands.

Analyst Ratings Changes

LLOY has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Lloyds Banking Group from GBX 41 ($0.52) to GBX 45 ($0.57) and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Peel Hunt initiated coverage on Lloyds Banking Group in a research report on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.70) target price for the company. Finally, Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 55.33 ($0.70).

Lloyds Banking Group Stock Performance

The firm has a market cap of £35.05 billion, a P/E ratio of 794.57, a P/E/G ratio of 1.89 and a beta of 1.23. The firm has a fifty day moving average of GBX 54.34 and a 200-day moving average of GBX 49.61.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. 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 customers.