Lloyds Banking Group (LON:LLOY) Stock Price Passes Above 200 Day Moving Average of $55.22

Lloyds Banking Group plc (LON:LLOY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 55.22 ($0.74) and traded as high as GBX 58.52 ($0.78). Lloyds Banking Group shares last traded at GBX 58.10 ($0.78), with a volume of 70,263,048 shares.

Analyst Ratings Changes

Several research firms recently commented on LLOY. JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 50 ($0.67) to GBX 54 ($0.72) and gave the stock an “underweight” rating in a report on Wednesday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 2nd. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, July 25th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 55 ($0.73) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 56.33 ($0.75).

Lloyds Banking Group Stock Down 0.2 %

The company has a market capitalization of £35.73 billion, a price-to-earnings ratio of 830.00, a PEG ratio of 1.73 and a beta of 1.23. The stock’s 50-day simple moving average is GBX 58.11 and its two-hundred day simple moving average is GBX 55.22.

Lloyds Banking Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 1st were paid a GBX 1.06 ($0.01) dividend. This represents a yield of 1.78%. The ex-dividend date of this dividend was Thursday, August 1st. Lloyds Banking Group’s dividend payout ratio is presently 4,285.71%.

Lloyds Banking Group Company Profile

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.