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

Posted by Tech Dows on Jan 8th, 2025

Lloyds Banking Group plc (LON:LLOY – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 0.56 ($0.01) and last traded at GBX 55.48 ($0.69), with a volume of 476226469 shares trading hands. The stock had previously closed at GBX 55.34 ($0.69).

Wall Street Analysts Forecast Growth

LLOY has been the subject of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.75) price target on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 55.50 ($0.69).

Check Out Our Latest Report on LLOY

Lloyds Banking Group Trading Down 0.9 %

The company has a market cap of £33.59 billion, a P/E ratio of 783.14, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company’s fifty day moving average is GBX 54.44 and its 200 day moving average is GBX 56.90.

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers bought 128,804 shares of Lloyds Banking Group stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of GBX 54 ($0.67) per share, with a total value of £69,554.16 ($86,769.16). 0.17% of the stock is currently owned by company insiders.

About Lloyds Banking Group

(Get Free Report)

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.