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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 54.74
Bid: 54.88
Ask: 54.92
Change: -1.34 (-2.39%)
Spread: 0.04 (0.073%)
Open: 56.38
High: 56.56
Low: 54.28
Prev. Close: 56.08
LLOY Live PriceLast checked at -

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Broker tips: UK banks, Carpetright, Dragon Oil

Tue, 24th Jul 2012 10:49

Investec has reiterated its 'buy' ratings for all five major UK banks, saying that while the first-half results season will be 'unexciting', lenders are unlikely to provide a negative surprise.The broker labels Barclays (target price of 240p) as a "key value play" and its top pick in the sector. Meanwhile, Standard Chartered (1,800p target) remains the broker's choice of the 'UK Asians' and is the only bank expected to report a (small) beat against consensus estimates.As for the others, Gordon said: "Lloyds (40p target) is our preferred restructuring play while RBS (300p target) appears increasingly speculative. HSBC (600p target) offers relatively limited upside, and is our 'least preferred' UK bank notwithstanding recent weakness related to its anti-money laundering procedures."While Carpetright's first-quarter results were 'in line' with forecasts, Merchant Securities has reiterated its 'sell' recommendation for the stock, saying that it is 'fundamentally overvalued'.Analyst Amisha Chohan said: "The business operates in a highly cyclical environment. We do not expect to see dramatic improvements in UK housing transactions, which traditionally represented 25% of the group turnover."Nomura has maintained its 'buy' recommendation and 781p target price for Turkmenistan-focused oil and gas group Dragon Oil despite the firm lowering its production guidance for 2012."Our belief at this juncture is that this is a temporary 'blip' in an unchanged upwards trend, and something that can be rectified by ongoing remedial work," the broker said."Our 'buy' rating is predicated on a $4bn cash pile end-2015, disciplined M&A, and the potential for cash distribution in the absence of this. Dragon Oil's shares trade at 72% relative to our 781p risked net asset value (NAV)based on $95 oil."BC
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26 Jun 2023 17:39

UK banks face profit hit from rising threat of economic hard landing

(Alliance News) - JPMorgan on Monday warned that high street lenders, Lloyds Banking Group PLC, Barclays PLC and NatWest Group PLC, face a profit squeeze in the event of a hard-landing for the UK economy.

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26 Jun 2023 16:28

UK finance minister Hunt says banks are slow to pass on rate hikes to savers

LONDON, June 26 (Reuters) - Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

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26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

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26 Jun 2023 10:10

JPMorgan downgrades Lloyds to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

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26 Jun 2023 07:40

Broker tips: Lloyds, Cranswick, On The Beach

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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23 Jun 2023 15:50

UK banks agree limited mortgage relief measures for stressed borrowers

LONDON, June 23 (Reuters) - British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates.

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23 Jun 2023 14:15

UK Chancellor Hunt agrees measures with banks to cool mortgage crisis

(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support.

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23 Jun 2023 13:12

UK's Hunt: Agreed measures with banks to ease mortgage payments strain

LONDON, June 23 (Reuters) - British finance minister Jeremy Hunt said he had agreed new measures with bank lenders on Friday to help ease the pressure on mortgage holders of raising interest rates.

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23 Jun 2023 12:09

LONDON MARKET MIDDAY: Housebuilders bear brunt of rate hike worries

(Alliance News) - Stock prices in London were lower heading into Friday afternoon, as a poor week for equities continued, with investors fretting over the prospect of central banks keeping interest rates higher for longer.

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22 Jun 2023 07:00

UK banks to ramp up data sharing in dirty money crackdown

Lloyds, NatWest among major banks involved in trials -sources

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21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

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