Lloyds Banking Group (LON:LLOY) Sets New 12-Month High – Here’s What Happened

Lloyds Banking Group plc (LON:LLOY)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 63.90 ($0.80) and last traded at GBX 63.64 ($0.79), with a volume of 204042109 shares trading hands. The stock had previously closed at GBX 62.80 ($0.78).

Analyst Upgrades and Downgrades

LLOY has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 60 ($0.75) price target on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 56.60 ($0.70).

Lloyds Banking Group Price Performance

The company has a market cap of £38.77 billion, a price-to-earnings ratio of 904.00, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business has a 50 day simple moving average of GBX 56.92 and a 200 day simple moving average of GBX 57.34.

Insiders Place Their Bets

In other Lloyds Banking Group news, insider William Chalmers acquired 128,804 shares of Lloyds Banking Group stock in a transaction on Thursday, December 19th. The shares were bought at an average price of GBX 54 ($0.67) per share, with a total value of £69,554.16 ($86,574.76). Insiders own 0.17% of the company’s stock.

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.