Lloyds Banking Group (LON:LLOY) Hits New 12-Month High – Still a Buy?

Lloyds Banking Group plc (LON:LLOY)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 64.84 ($0.82) and last traded at GBX 64.70 ($0.82), with a volume of 838876688 shares traded. The stock had previously closed at GBX 62.84 ($0.79).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 56 ($0.71).

Lloyds Banking Group Stock Up 1.1 %

The business’s 50-day simple moving average is GBX 58.65 and its two-hundred day simple moving average is GBX 57.59. The firm has a market cap of £40.38 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

Insider Activity at Lloyds Banking Group

In other news, insider William Chalmers purchased 128,804 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,876.39). 0.17% of the stock is owned by corporate insiders.

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.