Lloyds Banking Group (LON:LLOY) Sets New 52-Week Low – What’s Next?

Lloyds Banking Group plc (LON:LLOY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 0.56 ($0.01) and last traded at GBX 55.48 ($0.68), with a volume of 476226469 shares traded. The stock had previously closed at GBX 55.34 ($0.68).

Analyst Ratings Changes

LLOY has been the subject of a number of research reports. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.74) target price on shares of Lloyds Banking Group in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 55.50 ($0.68).

Lloyds Banking Group Trading Down 2.0 %

The firm has a market capitalization of £32.35 billion, a PE ratio of 754.29, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The firm has a 50-day moving average of GBX 54.30 and a two-hundred day moving average of GBX 56.87.

Insider Activity at Lloyds Banking Group

In related news, insider William Chalmers bought 128,804 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of GBX 54 ($0.66) per share, for a total transaction of £69,554.16 ($85,584.05). 0.17% of the stock is currently owned by insiders.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. 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 customers.