Lloyds Banking Group (LON:LLOY) share price is above its 200-day moving average of $52.79

Lloyds Banking Group plc (LON:LLOY – Get Your Free Report ) broke above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 52.79 ($0.69) and traded as high as GBX 59.22 ($0.77). Shares of Lloyds Banking Group last traded at GBX 59.22 ($0.77), with a volume of 96,623,961 shares traded.

Analysts on Wall Street are forecasting an increase

A number of analysts have analyzed the shares. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a report on Monday, July 8th. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd . One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 56.83 ($0.74), according to MarketBeat.com.

Read Lloyds Banking Group’s latest stock report

Lloyds Banking Group trades down 0.2%

The company has a 50-day moving average of GBX 57.20 and a 200-day moving average of GBX 52.79. The firm has a market cap of £36.55 billion, a price-to-earnings ratio of 846.00, a price-to-earnings-growth ratio of 2.00 and a beta of 1.26.

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 dividend of GBX 1.06 ($0.01). This represents a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 1. Lloyds Banking Group’s payout ratio is 4,285.71%.

About Lloyds Banking Group

(Get a free report)

Lloyds Banking Group plc, together with its subsidiaries, provides a wide range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Bank; and Insurance, Pensions and Investments. The Retail segment offers a wide range of financial services products, including checking accounts, savings, mortgages, auto financing, unsecured loans, leasing solutions and credit cards for personal customers.

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