This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Observations – For
Observations – Against
Lloyds shares have attracted renewed interest thanks to a bullish breakout beyond July highs. The company is still in recovery mode post-crisis but has made much more progress than bailout peer RBS. A return to profit and resumption of LLOY dividends adds to the shares’ attraction, as does a steady handed CEO. Fears of negative interest rates have dissipated after the Bank of England helped banks by offsetting a rate cut with lending stimulus.
Half of brokers still neutral or negative means potential for the recent breakout to result in re-evaluation and upgrades to more positive ratings. With the shares trading so close to the consensus target, this could also see an upward revision, especially with 70% of broker targets still suggesting upside from current levels.
Next Event: Q3 statement, 26 Oct
Latest Broker 12-Month Consensus: 46% Buy, 32% Hold, 21% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 9.7 | 8.7 | -15.7 | -5.9 | -21.9 | -22.4 | -20.8 | 73.9 | 109.2 |
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