RE: Lloy sp22 Apr 2019 18:45
QUOTE
''Summary
Lloyds is trading on <9x P/E on 2019E EPS, and most of capital generated is being returned to shareholders (including a 4.9% div. yield). Its earnings should remain resilient even without U.K. rate hikes, as its cost/income ratio falling from 49% to low 40s as planned will be worth 15% of 2018 PBT.
In a benign economic scenario, Lloyds could re-rate to 10.5x P/E, which on 2019 EPS implies a share price of 75-85p. At 65.84p, Lloyds shares can deliver upside of 25-30% in the next 12 months (including dividends).
A Hard Brexit would negatively impact shareholders, both through Lloyds' share price and currency, but overall, Lloyds represents a good risk/reward as part of a diversified portfolio. Our recommendation on the stock is Buy.
''UNQUOTE
Yes please Sir
25% increase on 66p = 82.50p
I BE LOADED FOLKS :-)