Lloyds Banking Group (LON:LLOY) Reaches New 12-Month Low – Time to Sell?

Shares of Lloyds Banking Group plc (LON:LLOY) reached a new 52-week low 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 trading hands. The stock had previously closed at GBX 55.34 ($0.68).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 60 ($0.74) target price on shares of Lloyds Banking Group in a report on Thursday, October 24th. Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 55.50 ($0.68).

Lloyds Banking Group Trading Down 2.0 %

The company has a market cap of £32.35 billion, a price-to-earnings ratio of 754.29, a PEG ratio of 1.84 and a beta of 1.23. The company’s 50 day moving average price is GBX 54.30 and its 200 day moving average price is GBX 56.87.

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers acquired 128,804 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of GBX 54 ($0.66) per share, with a total value of £69,554.16 ($85,584.05). 0.17% of the stock is 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.