Lloyds Share News (LLOY)

Lloyds Information

Buy LLOY Shares
Add LLOY to Watchlist
Add LLOY to Alert

Share Price Information for Lloyds (LLOY)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 54.96

Bid: 54.96

Ask: 54.98

Change: -0.68 (-1.22%)

Spread: 0.02 (0.036%)

Open: 55.92

High: 55.92

Low: 54.64

Prev. Close: 55.64

Last checked at -

Broker tips: UK banks, GKN, Kingfisher

Thu, 15th Sep 2011 12:47

Nomura has upgraded banking giants HSBC and Barclays to buy, but downgraded Lloyds to neutral, after assessing the Independent Commission on Banking (ICB) report and Eurozone risks."In our view, [HSBC's] relative performance will depend on risk appetite and in particular sentiment towards official action on the Eurozone and banking sector issues. However, we now regard the shares as attractive in absolute terms." A 725 price target is maintained."Barclays is [...] the UK group which is most exposed if the European crisis were to spiral out of control. However, even making what we regard as relatively conservative assumptions, we believe losses would be unlikely to exceed 40p per share [...] Despite the strategic problems the group faces and the likely absence of genuinely positive catalysts, we regard the shares as undervalued at 40% of tangible book value (TBV)." The broker's target price stays at 268p, based on 80% of TBV.However, as Lloyds is principally a traditional domestic UK banking group, the broker notes that a mixture of an economic slowdown, funding market weakness and restructuring "makes short-term earnings projections highly uncertain", causing downgrades to forecasts. The target price is cut from 50p to 40p.Blue chip automotive and aerospace engineer GKN was helped higher on Thursday as the Frankfurt auto show motors on, with Evolution Securities labelling the stock as "cheap"."Our assessment of the mood out of this week's Frankfurt auto show is one of resilience with growth in global auto production still a sensible planning assumption," said analyst Harry Philips.Evolution says GKN is trading on 6.8 times forward earnings and an enterprise value-to-sales ratio of 0.46, and with its earnings before interest and tax margin forecast to be 9%, it provides a "real opportunity".A buy rating and 330p target price are retained. With Kingfisher's shares having come a long way down since their 52-week high of 287.1p in May, Prime Markets has upgraded the stock from sell to buy, saying that any negativity should now be factored in.On 2 June, the broker labelled the stock as a sell at 282p (with a target price of 248p) due to the share price climb after the full-year results in March and an uncertain outlook. Since then, shares have tumbled below 200p intraday at one point. "Coupled with the solid profits delivered over the summer and continued investment in jobs and international expansion, Prime Markets now takes the view that the worst case scenario is in the price and that Kingfisher shares should now be given the benefit of any macro-economic doubts," said head of dealing Richard Curr.The target price is moved up to 267p.BC

More News

5 Sep 2023 15:48

UK dividends calendar - next 7 days

Wednesday 6 September
no events scheduled
Thursday 7 September
Admiral Group PLC	ex-dividend payment date
Alpha Financial Markets Consulting PLC	ex-dividend payment date
Anglo-Eastern Plantations PLC	ex-dividend payment date
Assura PLC	ex-dividend payment date
Athelney Trust PLC	ex-dividend payment date
Baltic Classifieds Group PLC	ex-dividend payment date
Blackrock World Mining Trust PLC	ex-dividend payment date
CLS Holdings PLC	ex-dividend payment date
CT UK Capital & Income Investment Trust PLC	ex-dividend payment date
Derwent London PLC	ex-dividend payment date
Develop North PLC	ex-dividend payment date
DS Smith PLC	ex-dividend payment date
Empiric Student Property PLC	ex-dividend payment date
GlobalData PLC	ex-dividend payment date
Greggs PLC	ex-dividend payment date
Harbour Energy PLC	ex-dividend payment date
Pollen Street PLC	ex-dividend payment date
Prudential PLC	ex-dividend payment date
Relx PLC	dividend payment date
RM Infrastructure Income PLC	ex-dividend payment date
Serco Group PLC	ex-dividend payment date
Severfield PLC	ex-dividend payment date
VPC Specialty Lending Investments PLC	ex-dividend payment date
XP Power Ltd	ex-dividend payment date
Zotefoams PLC	ex-dividend payment date
Friday 8 September
abrdn New Dawn Investment Trust PLC	dividend payment date
Avon Protection PLC	dividend payment date
Berkeley Group Holdings PLC	dividend payment date
Chemring Group PLC	dividend payment date
Ecofin US Renewables Infrastructure Trust PLC	dividend payment date
iomart Group PLC	dividend payment date
Keller Group PLC	dividend payment date
Lookers PLC	dividend payment date
Moneysupermarket.com Group PLC	dividend payment date
Nichols PLC	dividend payment date
Tritax EuroBox PLC	dividend payment date
Tyman PLC	dividend payment date
Monday 11 September
AstraZeneca PLC	dividend payment date
Games Workshop Group PLC	dividend payment date
Rentokil Initial PLC	dividend payment date
Residential Secure Income PLC	dividend payment date
ThomasLloyd Energy Impact Trust PLC	dividend payment date
Tuesday 12 September
Ashtead Group PLC	dividend payment date
Foxtons Group PLC	dividend payment date
Lindsell Train Investment Trust PLC	dividend payment date
Lloyds Banking Group PLC	dividend payment date
LMS Capital PLC	dividend payment date

Copyright 2023 Alliance News Ltd. All Rights Reserved.

1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

LONDON, Aug 14 (Reuters) - Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation.

12 Aug 2023 20:08

Daily Mail in talks with investors over potential bid for Britain's Telegraph

Aug 12 (Reuters) - The Daily Mail and General Trust has registered its interest with British bank Lloyds for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday.

10 Aug 2023 15:08

National World sizes up possible bid for Telegraph Media Group

(Alliance News) - National World PLC on Thursday said it is considering making an offer for the Telegraph Media Group, the up for sale operator of the Daily Telegraph newspaper in the UK and Spectator magazine.

9 Aug 2023 16:16

FTSE 100 movers: Commodity stocks rise, Hiscox sinks

(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.

4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

3 Aug 2023 19:13

UK's Hunt asks financial watchdog to urgently review 'debanking' concerns

LONDON, Aug 3 (Reuters) - British finance minister Jeremy Hunt said on Thursday he had asked the country's financial services watchdog to urgently investigate terminations of bank accounts and suggested that lenders who have broken the law should be fined.

3 Aug 2023 18:35

Britain's banks told to give data on terminating customer accounts

LONDON, Aug 3 (Reuters) - Britain's Financial Conduct Authority said on Thursday it will ask banks and building societies for data on customer account terminations to check if they were justified or break the law.

3 Aug 2023 12:17

LONDON MARKET MIDDAY: Pound under pressure after BoE hike

(Alliance News) - European equities went into Thursday afternoon on the back foot, extending losses suffered on Wednesday following a US credit rating cut from Fitch, while the pound struggled to make headway after the Bank of England raised rates by 25 basis points, as expected.

31 Jul 2023 21:47

IN BRIEF: Lloyds corporate affairs chief sells GBP150,350 shares

Lloyds Banking Group PLC - Edinburgh, Scotland-based bank - Chief Corporate Affairs Officer Andrew Walton sells 333,333 shares at 45.105 pence each on Thursday last week. Total aggregate value is GBP150,350.

31 Jul 2023 11:00

Britain's banks told to justify low savings rates by end of August

LONDON, July 31 (Reuters) - Britain's banks and building societies have until the end of August to justify to regulators why some of their savings rates are low or face sanctions, the markets watchdog said on Monday, as Bank of England rates look set to rise to their highest since 2008.

28 Jul 2023 14:03

UK's Telegraph and Spectator appoint Goldman Sachs to run sale

LONDON, July 28 (Reuters) - The boards of the Telegraph newspaper and The Spectator magazine, led by recently appointed chair Mike McTighe, have appointed investment bank Goldman Sachs and law firm Linklaters to advise on their sale, they said in a statement on Friday.

Latest Share Chat

Lloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker tips: UK banks, GKN, Kingfisher

Login to your account

Quickpicks are a member only feature

Login to your account