Lloyds Banking Group plc (LON:LLOY – Get Rating)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 4,824.50 ($58.30) and last traded at GBX 48.47 ($0.59), with a volume of 333869063 shares changing hands. The stock had previously closed at GBX 49 ($0.59).

Wall Street Analyst Weigh In

LLOY has been the subject of a number of research analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Lloyds Banking Group in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 61 ($0.74) target price on shares of Lloyds Banking Group in a research note on Thursday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Lloyds Banking Group from GBX 61 ($0.74) to GBX 64 ($0.77) and gave the company an "overweight" rating in a research note on Tuesday, September 6th. Barclays set a GBX 52 ($0.63) target price on shares of Lloyds Banking Group in a research note on Tuesday, July 12th. Finally, Berenberg Bank boosted their price target on shares of Lloyds Banking Group from GBX 52 ($0.63) to GBX 55 ($0.66) and gave the company a "hold" rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Lloyds Banking Group has a consensus rating of "Moderate Buy" and an average price target of GBX 58.88 ($0.71).

Lloyds Banking Group Stock Performance

The company's 50 day moving average price is GBX 44.81 and its 200 day moving average price is GBX 44.89. The company has a market cap of £32.88 billion and a price-to-earnings ratio of 810.97.

Lloyds Banking Group Cuts Dividend

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider Scott Wheway purchased 150,000 shares of the company's stock in a transaction dated Wednesday, August 24th. The shares were bought at an average price of GBX 44 ($0.53) per share, for a total transaction of £66,000 ($79,748.67).

Lloyds Banking Group Company Profile

(Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. 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, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers.

Recommended Stories

• The Worst May be Over for Target, But is the Stock Safe to Buy?
• Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
• Two Fun Stocks The Insiders Are Buying
• Novavax Remains a Risk-On Stock in a Risk-Off Market
• General Mills: Superior Returns With Less Volatility

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.