Lloyds Banking Group (LON:LLOY) Shares Cross Above 200 Day Moving Average of $59.05

Lloyds Banking Group PLC (LON:LLOY)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.05 and traded as high as $50.35. Lloyds Banking Group shares last traded at $49.99, with a volume of 183,321,927 shares trading hands.

LLOY has been the subject of a number of recent research reports. HSBC reduced their target price on shares of Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a “hold” rating for the company in a research report on Thursday, August 15th. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research report on Friday, July 26th. Berenberg Bank set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group and gave the company a “neutral” rating in a research report on Thursday, August 1st. Goldman Sachs Group reduced their target price on shares of Lloyds Banking Group from GBX 67 ($0.88) to GBX 61 ($0.80) and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 99 ($1.29) target price on shares of Lloyds Banking Group in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 68.06 ($0.89).

The company’s 50-day moving average is GBX 53.91 and its two-hundred day moving average is GBX 59.05. The firm has a market cap of $35.14 billion and a P/E ratio of 9.43.

The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be given a dividend of GBX 1.12 ($0.01) per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 2.03%. Lloyds Banking Group’s dividend payout ratio is 0.57%.

In other Lloyds Banking Group news, insider Amanda Mackenzie OBE bought 63,567 shares of the stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of GBX 50 ($0.65) per share, with a total value of £31,783.50 ($41,530.77). Also, insider William Chalmers sold 384,733 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of GBX 53 ($0.69), for a total value of £203,908.49 ($266,442.56). Insiders have sold 842,868 shares of company stock valued at $46,588,125 in the last ninety days.

Lloyds Banking Group Company Profile (LON:LLOY)

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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