Lloyds Banking Group (LON:LLOY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Lloyds Banking Group plc (LON:LLOY – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 55.85 ($0.73) and traded as high as GBX 58.80 ($0.77). Lloyds Banking Group shares last traded at GBX 58.26 ($0.76), with a volume of 57,537,918 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LLOY shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. JPMorgan Chase & Co. lifted their price target on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.71) and gave the stock an “underweight” rating in a research note on Wednesday, July 3rd. Finally, Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average price target of GBX 56.33 ($0.74).

View Our Latest Research Report on LLOY

Lloyds Banking Group Stock Performance

The company’s 50-day moving average price is GBX 57.87 and its 200 day moving average price is GBX 55.92. The stock has a market cap of £36.49 billion, a PE ratio of 846.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23.

Lloyds Banking Group Cuts Dividend

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

About Lloyds Banking Group

(Get Free Report)

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.

Read More