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  2. Share Prices
  3. Lloyds Share Price
  4. Lloyds Share News
  5. Broker tips: Next, easyJet, Lloyds Banking

Pin to quick picksLloyds Share News (LLOY)

Lloyds Information

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 54.68
Bid: 54.66
Ask: 54.68
Change: -0.96 (-1.73%)
Spread: 0.02 (0.037%)
Open: 55.66
High: 55.68
Low: 54.58
Prev. Close: 55.64
LLOY Live PriceLast checked at -

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Broker tips: Next, easyJet, Lloyds Banking

Thu, 24th Mar 2011 13:01

Next has revealed a strong set of results with inflation views moderating in the near-term, but Peel Hunt keeps its cautious stance on the retailer as its outlook suggest flat profits in the current year.Pre-tax profit for the 12 months ended January 2011 was up 9% at £551m, slightly above the broker's forecasts of £550.3m and in keeping with the market range. "We view this as a strong outcome for the year, backed by continuing strong levels of cash flow and the buyback," said analyst John Stevenson.However, Next's sales and profit growth expectations for the year ahead point to pre-tax profit being -5% to +5%, and Peel Hunt expects to downgrade its profit estimates by 4%. "Trading on a 2012 price-to-earnings multiple of 8.4, the shares already factor such views in, although Next's dose of realism may weigh on the shares and sector today," said Stevenson.The broker keeps a 'hold' and target price of 2,300p.Budget airline easyJet has been upgraded to a 'hold', from 'reduce', by Charles Stanley Securities following recent share price weakness, but the broker cuts its earnings forecasts in response to oil prices and risks on bottom-line growth.The broker trims its estimates after the recent surge in oil prices and the inevitable impact they have on airlines. It also notes that easyJet's average pre-tax profit per seat is about £3.40, below the group's target of £5 for the ninth consecutive year. "Below that target level, the chances of an adequate return on capital are small," said analyst Douglas McNeill.Charles Stanley reckons that the airline earns over £120m a year from card booking fees, just below the £130m it has averaged over the past five years. However, the Office of Fair Trading will shortly be looking into the use of card booking fees and may decide to prohibit them, perhaps as early as this summer."If outlawed, card fees can always be recouped via the basic fare, but there's no guarantee that they would be recouped in full. We estimate that every £1m not recouped would reduce equity value by about 2p a share," said McNeill.The target price is cut by 10p to reflect this, from 330p, to 320p.Lloyds has underperformed the European banking sector by 8% in the year-to-date, but Evolution Securities says that the bank remains its "top conviction buy" because - beyond short-term risks - the rewards for investors are striking.However, Evolution notes that the short-term outlook is plagued with uncertainties: "The next few months will see a large kitchen-sinking exercise [primarily due to additional Irish impairments, and potential payment protection insurance contingencies], the recommendations of the ICB, and the sale of the 600 branches. Certainly a hectic schedule which, together with other key issues such as the impact from higher UK rates, has scared investors," the broker said.Nevertheless, the medium term remains very bright with the group having a very clear roadmap towards a 20% group return on equity."Lloyds is the only bank in our coverage where we think investors might have a realistic chance of doubling their money, on an 18-24 month view."The new target price of 106p has a 77% upside, according to the broker.
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27 Jul 2023 15:44

UK dividends calendar - next 7 days

Friday 28 July 
3i Group PLCdividend payment date
abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
Barings Emerging EMEA Opportunities PLCdividend payment date
Big Yellow Group PLCdividend payment date
British Land Co PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Gooch & Housego PLCdividend payment date
Helical PLCdividend payment date
Henderson High Income Trust PLCdividend payment date
Hipgnosis Songs Fund Ltddividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Paragon Banking Group PLCdividend payment date
Personal Assets Trust PLCspecial dividend payment date
Personal Assets Trust PLCdividend payment date
Polar Capital Holdings PLCdividend payment date
Premier Foods PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Schroder Income Growth Fund PLCdividend payment date
Shires Income PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Vertu Motors PLCdividend payment date
Monday 31 July 
CT Private Equity Trust PLCdividend payment date
European Assets Trust PLCdividend payment date
Lowland Investment Co PLCdividend payment date
Tuesday 1 August 
discoverIE Group PLCdividend payment date
F&C Investment Trust PLCdividend payment date
Johnson Matthey PLCdividend payment date
Mercantile Investment Trust PLCdividend payment date
Next PLCdividend payment date
TR Property Investment Trust PLCdividend payment date
United Utilities Group PLCdividend payment date
Wednesday 2 August 
Tate & Lyle PLCdividend payment date
Thursday 3 August 
Aberforth Smaller Companies Trust PLCex-dividend payment date
Aptitude Software Group PLCex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Axiom European Financial Debt Fund Ltdex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
BT Group PLCex-dividend payment date
Caledonia Investments PLCdividend payment date
CML Microsystems PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Foxtons Group PLCex-dividend payment date
Games Workshop Group PLCex-dividend payment date
GB Group PLCdividend payment date
Inchcape PLCex-dividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
Jupiter Fund Management PLCex-dividend payment date
Jupiter Fund Management PLCspecial ex-dividend payment date
Lloyds Banking Group PLCex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Mobico Group PLCex-dividend payment date
Moneysupermarket.com Group PLCex-dividend payment date
Nichols PLCex-dividend payment date
Oxford Instruments PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
Polar Capital Global Financials Trust PLCex-dividend payment date
Polar Capital Global Healthcare Trust PLCex-dividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
Rentokil Initial PLCex-dividend payment date
Schroder Real Estate Investment Trust Ltdex-dividend payment date
Starwood European Real Estate Finance Ltdex-dividend payment date
Tyman PLCex-dividend payment date
Unilever PLCex-dividend payment date
Vesuvius PLCex-dividend payment date
WH Smith PLCdividend payment date
  
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27 Jul 2023 09:38

LONDON BROKER RATINGS: Shore Capital cuts AO World to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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26 Jul 2023 16:54

LONDON MARKET CLOSE: Europe falls amid pre-Fed decision caution

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26 Jul 2023 13:53

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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26 Jul 2023 12:21

Shares fall as Fed rate rise looms

Euro STOXX down 0.9%

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26 Jul 2023 12:05

European banks flag bad loan risks as global economy falters

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26 Jul 2023 10:04

TOP NEWS: Lloyds raises guidance following "robust" half year earnings

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26 Jul 2023 09:25

NatWest's Alison Rose, trail-blazing finance boss, bows out after Farage breach

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26 Jul 2023 07:52

LONDON BRIEFING: Lloyds raises guidance; Rio Tinto profit down

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26 Jul 2023 07:03

Lloyds Bank interim profits surge 23%

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25 Jul 2023 12:26

Wednesday preview: Federal Reserve, Lloyds in the spotlight

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25 Jul 2023 09:21

Mitie boosts revenue in "traditionally" lower first quarter

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24 Jul 2023 13:02

UK government to haul in banks over account closures

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IN BRIEF: H&T increases bank facility with Lloyds to GBP50 million

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