Lloyds Banking Group (LON:LLOY) Shares Cross Above Two Hundred Day Moving Average of $53.54

Lloyds Banking Group plc (LON:LLOY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 53.54 ($0.71) and traded as high as GBX 58.80 ($0.78). Lloyds Banking Group shares last traded at GBX 58.34 ($0.77), with a volume of 113,812,195 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Monday, July 8th. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, July 25th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 55 ($0.73) price objective on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their price target on Lloyds Banking Group from GBX 50 ($0.66) to GBX 54 ($0.71) and gave the stock an “underweight” rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and an average target price of GBX 56.33 ($0.74).

Lloyds Banking Group Stock Performance

The company has a market cap of £36.09 billion, a price-to-earnings ratio of 833.43, a PEG ratio of 2.00 and a beta of 1.26. The business has a fifty day moving average price of GBX 57.78 and a 200 day moving average price of GBX 53.54.

Lloyds Banking Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 1st will be issued a GBX 1.06 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 1.78%. Lloyds Banking Group’s 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.