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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 52.20
Bid: 48.00
Ask: 53.16
Change: 0.00 (0.00%)
Spread: 5.16 (10.75%)
Open: 0.00
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Low: 0.00
Prev. Close: 52.20
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Broker tips: Lloyds Banking, Aviva, Michael Page

Mon, 01st Mar 2010 13:18

Nomura Securities remains negative on Lloyds Banking despite regarding the recent results from the lender as 'incrementally positive'.The broker thinks the short-term negative reaction to the results could yet flip-flop, but longer term it remains 'negative towards Lloyds owing to asset quality, funding and capital issues.'Nomura would regard any strengthening of the share price as a selling opportunity, as it does not regard the valuation of 0.95 times book value as 'particularly attractive in a sector context.'Nomura has raised its earnings estimates after Lloyds management raised the HBOS synergy targets to £2bn but has done so with a certain amount of reluctance, saying 'we would now regard our assumptions as optimistic'.Nomura has a 'reduce' recommendation for the stock and aa price target of 53p.Aviva, the world's fifth largest insurer, isn't expected to reveal any surprises when 2009 results are published Thursday, says Panmure Gordon.It's looking for a 7% drop in market consistent embedded value (MCEV) operating profit to £3.11bn, in the middle of the £2.94bn-£3.29bn range of forecasts.IFRS operating profit is seen down 17% to £1.91bn, while an anticipated final dividend of 14.1p per share would take the total payout to 23.1p, 30% less than 2008.But, given the recovery in the strength of the balance sheet last year, Panmure believes there's a good chance the dividend could be higher than everyone thinks."Aviva is our top pick in the sector with the shares trading at around Embedded Value," says the broker. "We view this as wrong, bearing in mind the ongoing potential of the business going forward.""On an IFRS P/E basis the shares are trading on 8.0x 2010E and 7.1x 2011E. In the meantime shareholders are receiving a massive 6.2% dividend yield based on our current 2009 forecast. Buy."There'll be plenty of nerves ahead of final results from Michael Page on Friday as investors wait to see if the white collar recruiter did better than Hays in the last six months of 2009.Hays slumped last week when it said half-year profit plunged to £3.4m from £100.8m in 2008 and fell 70% to £30.4m, excluding the £27m OFT fine that is currently under appeal.It also reported business in the UK remains "challenging" and that its performance there is expected to be "broadly similar" in the second half.Michael Page is more focused on the better performing overseas markets and less on the public sector, so Charles Stanley expects news of an improving outlook."We believe Michael Page is among the best placed of the staffers to achieve considerable earnings growth over the next cycle," it said. "With the potential of the group in our view still not fully priced in, we anticipate further positive share price performance as the cycle matures."But risks surrounding a delay to the recovery remain a concern. "Given the precarious state of the UK economy, and its still significant contribution to Page's gross profit (39%), the risk is that bearish tones on the UK outlook outweighs positive overseas developments," says the broker.Still, Charles Stanley maintains its 'buy' stance and 510p target price.
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4 Apr 2024 13:08

UK dividends calendar - next 7 days

Friday 5 April 
BBGI Global Infrastructure SAdividend payment date
Molten Ventures PLCdividend payment date
Pennon Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Regional REIT Ltddividend payment date
Rights & Issues Investment Trust PLCdividend payment date
Sylvania Platinum Ltddividend payment date
Titon Holdings PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Monday 8 April 
Alumasc Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Redrow PLCdividend payment date
Tuesday 9 April 
CT Global Managed Portfolio Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
Dunelm Group PLCspecial dividend payment date
Hays PLCdividend payment date
Renishaw PLCdividend payment date
Safestore Holdings PLCdividend payment date
Wednesday 10 April 
Assura PLCdividend payment date
Primorus Investments PLCspecial dividend payment date
Wilmington PLCdividend payment date
Thursday 11 April 
Amedeo Air Four Plus Ltdex-dividend payment date
Athelney Trust PLCdividend payment date
Aviva PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Barratt Developments PLCex-dividend payment date
Begbies Traynor Group PLCex-dividend payment date
Bioventix PLCex-dividend payment date
Blackfinch Spring VCT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
Caledonia Mining Corpex-dividend payment date
Capital & Regional PLCex-dividend payment date
Chesnara PLCex-dividend payment date
Colefax Group PLCdividend payment date
CT Private Equity Trust PLCex-dividend payment date
Downing Strategic Micro-Cap Investements Trust PLCex-dividend payment date
Driver Group PLCdividend payment date
F&C Investment Trust PLCex-dividend payment date
Foxtons Group PLCex-dividend payment date
Grafton Group PLCex-dividend payment date
GSK PLCdividend payment date
Harbour Energy PLCex-dividend payment date
Hargreaves Services PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
Hunting PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
ITV PLCex-dividend payment date
Johnson Service Group PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Just Group PLCex-dividend payment date
Kenmare Resources PLCex-dividend payment date
Kerry Group PLCex-dividend payment date
Kings Arms Yard VCT PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Lloyds Banking Group PLCex-dividend payment date
Lowland Investment Cos PLCex-dividend payment date
Luceco PLCex-dividend payment date
Man Group PLCex-dividend payment date
Manchester & London Investement Trust PLCex-dividend payment date
Marble Point Loan Financing Ltdex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mobius Investment Trust PLCex-dividend payment date
MTI Wireless Edge Ltddividend payment date
North American Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Octopus Apollo VCT PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
Ricardo PLCdividend payment date
Savills PLCex-dividend payment date
Schroder Asian Total Return Investment Cos PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Scottish American Investment Cos PLCdividend payment date
Smurfit Kappa Group PLCex-dividend payment date
Softcat PLCex-dividend payment date
Somero Enterprises Incex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Synectics PLCex-dividend payment date
TP ICAP Group PLCex-dividend payment date
Trifast PLCdividend payment date
TT Electronics PLCex-dividend payment date
  
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