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
Potential for bounce towards ceiling of 12-month falling channel. Pulled back after early Feb bounce, but not traded any lower than 272p. Opportunity for FY results on Friday to show a return to profit for the first time in a decade. Legal issues out in the open (treatment of UK small businesses, US mis-selling). Less UK housing exposure than LLOY. More UK business exposure in an economy faring well in the face of Brexit.
Consensus is bullish in terms of rating, but plenty of potential for neutrals to upgrade if they believe shares can keep rising towards late 2015 highs of 335p, especially with 75% of price targets suggesting upside from current levels.
Next Event: FY results, 23 Feb (Friday); Q1 results, 27 April
Latest Broker 12-Month Consensus: 31% Buy, 54% Hold, 15% 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 % | -0.4 | -7.8 | 0.2 | 6.4 | 5.9 | 11.4 | -31.1 | -23.0 | -22.6 |
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