Lloyds Banking Group (LON:LLOY) Reaches New 52-Week High – Should You Buy?

Lloyds Banking Group plc (LON:LLOY) hit a new 52-week high on Tuesday . The stock traded as high as GBX 97.97 and last traded at GBX 97.54, with a volume of 388728656 shares. The stock had previously closed at GBX 97.08.

Analysts Set New Price Targets

Several analysts have recently weighed in on LLOY shares. Shore Capital reaffirmed a “hold” rating and issued a GBX 84 target price on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Royal Bank Of Canada raised their target price on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Citigroup raised their price objective on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 93 price objective on shares of Lloyds Banking Group in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 98.50.

Lloyds Banking Group Stock Up 0.5%

The company has a 50 day moving average of GBX 91.12 and a 200 day moving average of GBX 83.84. The stock has a market capitalization of £57.34 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data on Thursday, December 11th. The financial services provider reported GBX 6.30 EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, research analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

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.