Lloyds Banking Group (LON:LLOY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Lloyds Banking Group plc (LON:LLOY)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 56.90 ($0.71) and traded as low as GBX 54.24 ($0.68). Lloyds Banking Group shares last traded at GBX 55.34 ($0.69), with a volume of 163,752,641 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LLOY. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 60 ($0.75) price target on shares of Lloyds Banking Group in a report on Thursday, October 24th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 55.50 ($0.69).

Lloyds Banking Group Stock Down 0.1 %

The firm has a market cap of £34.12 billion, a price-to-earnings ratio of 795.43, a PEG ratio of 1.84 and a beta of 1.23. The company has a 50-day moving average price of GBX 54.56 and a 200 day moving average price of GBX 56.89.

Insider Buying and Selling at Lloyds Banking Group

In related news, insider William Chalmers bought 128,804 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was bought at an average price of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,018.84). Company insiders own 0.17% of the company’s stock.

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.