Lloyds Banking Group (LON:LLOY) Hits New 52-Week Low – Here’s What Happened

Posted by Editorial Team on Jan 8th, 2025

Lloyds Banking Group plc (LON:LLOY – Get Free Report) shares reached a new 52-week low 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. The stock had previously closed at GBX 55.34 ($0.69).

Analyst Upgrades and Downgrades

LLOY has been the subject of a number of analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.75) price objective on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Finally, Citigroup reissued 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 given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 55.50 ($0.69).

View Our Latest Research Report on LLOY

Lloyds Banking Group Price Performance

The business’s 50-day moving average price is GBX 54.44 and its two-hundred day moving average price is GBX 56.90. The company has a market capitalization of £33.59 billion, a price-to-earnings ratio of 783.14, a P/E/G ratio of 1.84 and a beta of 1.23.

Insider Transactions at Lloyds Banking Group

In related news, insider William Chalmers bought 128,804 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of GBX 54 ($0.67) per share, for a total transaction of £69,554.16 ($86,769.16). Company insiders own 0.17% of the company’s stock.

Lloyds Banking Group Company Profile

(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.