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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 53.94
Bid: 53.90
Ask: 53.94
Change: 0.00 (0.00%)
Spread: 0.04 (0.074%)
Open: 54.16
High: 54.34
Low: 53.70
Prev. Close: 53.94
LLOY Live PriceLast checked at -

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Broker snap: UBS upgrades Lloyds to buy

Wed, 09th Jan 2013 11:45

Analysts at UBS believe that Lloyds is set to deliver rising margins, falling costs and falling provisions, over the next few years, which should provide a very strong upswing to profitability and EPS momentum.Arguing in favour of the above, they think that the future regulatory agenda will be less aggressive than what we have experienced over the last 18 months, the bank has the simplest investment strategy and its balance sheet contraction is set to reverse. Regarding that last point, UBS highlights how - unlike RBS and Barclays, which have been lending strongly into the UK mortgage market while contracting balance sheets in other areas - Lloyds has been shrinking both its non-core assets in 2012 and its core lending into the UK mortgage market as well. That will provide an additional catalyst specific to Lloyds.For all of the above reasons they have decided to raise their price target on the company's shares to 60p, from 50p before, based upon a sustainable return on equity (RoE) of 13% generated by Lloyds' core business. They also upgrade their recommendation on the company's shares to buy, from neutral. AB
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Today 15:49

UK shareholder meetings calendar - next 7 days

Friday 10 May 
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Serinus Energy PLCAGM
Standard Chartered PLCAGM
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Monday 13 May 
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Tuesday 14 May 
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Chesnara PLCAGM
Cirata PLCAGM
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FDM Group PLCAGM
Henderson High Income Trust PLCAGM
Kakuzi LtdAGM
Luceco PLCAGM
Midwich Group PLCAGM
Phoenix Group Holdings PLCAGM
TI Fluid Systems PLCAGM
Wednesday 15 May 
Accrol Group Holdings PLCGM re takeover by Navigator Paper
Aura Renewable Acquisitions PLCAGM
Barratt Developments PLCGM re takeover of Redrow PLC
Bridgepoint Group PLCAGM
Burford Capital LtdAGM
Conduit Holdings LtdAGM
Funding Circle Holdings PLCAGM
Gama Aviation PLCGM re tender offer
GCP Asset Backed Income Fund LtdAGM
Greggs PLCAGM
IQGeo Group PLCAGM
Literacy Capital PLCAGM
Marshalls PLCAGM
Mpac Group PLCAGM
Redrow PLCGM re takeover by Barratt Developments PLC
Renewables Infrastructure Group LtdAGM
Savills PLCAGM
Seneca Growth Capital VCT PLCAGM
Spirax-Sarco Engineering PLCAGM
St James's Place PLCAGM
TP ICAP Group PLCAGM
Vesuvius PLCAGM
Thursday 16 May 
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ConvaTec Group PLCAGM
Costain Group PLCAGM
Eurocell PLCAGM
Global Opportunities Trust PLCAGM
Gresham Technologies PLCGM re takeover by STG Partners funds
H&T Group PLCAGM
Ibstock PLCAGM
Just Eat Takeaway.com NVAGM
Lloyds Banking Group PLCAGM
M&C Saatchi PLCAGM
Michelmersh Brick Holdings PLCAGM
Next PLCAGM
Predator Oil & Gas Holdings PLCAGM
PYX Resources LtdAGM
Restore PLCAGM
RTW Biotech Opportunities LtdAGM
Secure Trust Bank PLCAGM
Seplat Energy PLCAGM
Triple Point Social Housing REIT PLCAGM
Tyman PLCAGM
Unite Group PLCAGM
Vector Capital PLCAGM
Vistry PLCAGM
WAG Payment Solutions PLCAGM
  
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