Lloyds Banking Group (LLOY)

Sector:

Banking

Index:

FTSE 100

58.02p
   
  • Change Today:
    -0.43p
  • 52 Week High: 67.25
  • 52 Week Low: 48.58
  • Currency: UK Pounds
  • Shares Issued: 70,053m
  • Volume: 12,776,342
  • Market Cap: £40,644m
  • RiskGrade: 151

Morgan Stanley shows preference for Lloyds among UK listed lenders

By Alexander Bueso

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Morgan Stanley upgraded their view on European lenders' shares, including for the various London-listed banks, from 'in-line' to 'attractive'.
"While the interest rates continue to be low, with uncertainty on lower bound gone, our confidence in earnings expectations bottoming in 2H19 has grown," they said.

Nonetheless, they were not anticipating much growth, they conceded, with earnings seen ahead by roughly only 1.0% over the following two years, although the potential existed for lenders to "recalibrate" their business models given the "shallow" credit cycle.

They added another caveat: "We are also mindful of the key regulatory impacts to come."

On a more positive, they highlighted five key themes for the group, including: "No more deposit rate cuts, steeper European [interest rate] curves, sequential macro stabilization across the continent are all positives for the bank stocks; interest rate and credit cycles line up into 2020; support from outsized, steady cash returns; and bottoming valuations.

In particular, they highlighted Santander, Unicredit and Lloyds (Overweight, target price: 72.0p) among their most preferred issues in the sector.

Within the same research note, Barclays (target price: 200.0p), RBS (target price: 260.0p), and Virgin Money (target price: 180.0p) were all at 'equalweight'.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Lloyds Market Data

Currency UK Pounds
Share Price 58.02p
Change Today -0.43p
% Change -0.74 %
52 Week High 67.25
52 Week Low 48.58
Volume 12,776,342
Shares Issued 70,053m
Market Cap £40,644m
RiskGrade 151

Lloyds Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.64% above the market average94.64% above the market average94.64% above the market average94.64% above the market average94.64% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
12.37% below the market average12.37% below the market average12.37% below the market average12.37% below the market average12.37% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
82.06% above the market average82.06% above the market average82.06% above the market average82.06% above the market average82.06% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Growth
24.11% above the market average24.11% above the market average24.11% above the market average24.11% above the market average24.11% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 6
Sell 2
Strong Sell 2
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Lloyds Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 04-Apr-19
Paid 13-Sep-19 21-May-19
Amount 1.12p 2.14p

Trades for 20-Jan-2020

Time Volume / Share Price
10:13 3,000 @ 58.02p
10:13 100,000 @ 58.03p
10:13 10,000 @ 58.02p
10:12 1,386 @ 58.02p
10:12 451 @ 58.00p

Lloyds Key Personnel

Chair Norman Blackwell
COO Juan Colombás

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