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Deutsche Bank cuts Lloyds Banking price target to 62 (63) pence - 'buy'
Great ramp today ole livestock, leave the coffee alone hey and a friendly reminder you hit that sell before the drop comes.
Carltt, I've seen you commenting prolifically on LLOY but are not invested.
What is you purpose here?
You appear to have been expecting a big fall since about 41p and have instead watched it rise about 10%.
You will eventually be 'correct' as the stock will pull back, but please don't start claiming that as expertise. You've called this one badly.
“Deutsche Bank cuts Lloyds Banking price target to 62 (63) pence - 'buy'
Call me old fashioned but is cutting a price target by 1 pence really newsworthy livestock and requiring a new thread ?
It's target has been >60p for 4 years, but yet we wait and wait.
what is a broker target because none of these ever come true on any share.
"what is a broker target because none of these ever come true on any share."
JP Morgan were right when they issued a new target price on 26th June of 42p. But they cant claim that was a good call because the SP was 42p on the day they issued the downgrade anyway! 🤣🤣
Lloyds Banking Group PLC (LSE:LLOY) is Deutsche Bank’s preferred UK banking play, helping push shares up 3.0% today.
The German investment bank has reiterated its ‘buy’ rating on the high street lender despite nudging its price target down to 62p from 63p.
“Our preference among UK domestic banks is Lloyds which we believe has a more stable deposit base; lower NIM sensitivity to deposit outflows; lower consensus expectations; and with a substantial yield,” analyst Robert Noble said.
Noble expects monetary policy to have incrementally negative impacts on the outlook for UK banks.
“As liquidity tightens we expect banks' will shrink and cost of funding will increase,” he said, adding “there is risk that the BOE passes more costs onto the banks through rate reform.”
However, he explained the current valuation of UK banks more than adequately compensates for these risks.
Noble rates Barclays PLC (LSE:BARC) at hold with a price target of 200p, down from 230p, NatWest Group PLC (LSE:NWG) buy with a price target of 320p down from 370p and Virgin Money UK PLC (LSE:VMUK) hold with a price target of 210p, down from 220p.
Shares in Lloyds were 3.0% higher at 45.74p.
https://www.proactiveinvestors.co.uk/companies/news/1027390/lloyds-banking-group-is-deutsche-s-preferred-uk-banking-pick-1027390.html
Livestock,
I’m sure I’m not the only one finding it hard following you 😂😂……
On Sep 19th at 1.20pm you had SELL on your profile.
By 13.31 you had NO OPNION on your profile.
On 20th Sep at 7.12am you had BUY on your profile.
By 10.26 you had changed it to NO OPINION again.
Today at 12.05pm you’ve changed it to STRONG BUY.
You’ll have to excuse me but you’re all over the place 🤣🤣
Gate13Boy
""I’m sure I’m not the only one finding it hard following you""
Following or stalking me 😦
You’ve opened so many threads todays that it’s difficult to avoid you 🤣
He’s had a day off work, ramped his little socks off today, before his closing sell….
every dog has his day. ☺️🍿
Carltt
You missed the boat calling strong sell hoping for 40p low interest rates are a thing of the past, with interest rates at 5.25% Lloyds is making 3.675 billion from net interest revenue we have to thank governor bailey for this Lloyds is only going one way from here and that's up, markets are re pricing 📈
GL
The sp is stuck at 45.90pish range, from now, it could either way,
Up or down....the best is to wait and see...IMHO
Livestock,
Can you explain why Lloyds share price was higher than in 2021 when base rates were 0.1% than it is today when base rates are 5.25% if higher net interest margins have been so beneficial for Lloyds ?
@livestock
I have missed something? 🤷♂️
I wouldn’t buy into the social and economic destruction, that is landlords. Seen their devastation to villages everywhere, not mentioning the garbage dumps otherwise known as Uk Cities.
I’m never buying into Landlord Lloyds for 0.1p, not even if they pay me 46p per share.
A nice few 100k sells btw, was that you?
22-Sep-23 13:49:22 45.877 217,990 Sell* 100.01k O
The first *than* 🙄😂
“from now, it could go either way”
Thanks for that nugget of analysis.
Yeab, as predicted, going down gently.
Hopefully will close the position today...IMHO
Sold some @45.6 - unlike me to take short term profit (details in fantasy portfolio tomorrow) - will be looking to buy um back if it drops to fill the gap at 42.9