Lloyds Banking Group (LLOY)

Sector:

Banking

Index:

FTSE 100

54.54p
   
  • Change Today:
      0.24p
  • 52 Week High: 54.64
  • 52 Week Low: 39.76
  • Currency: UK Pounds
  • Shares Issued: 63,082m
  • Volume: 141,611,333
  • Market Cap: £34,405m
  • RiskGrade: 208

Citi removes Lloyds from 'EMEA Focus List', keeps at 'buy'

By Michele Maatouk

Date: Friday 09 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Citi removed Lloyds Banking Group from its 'EMEA Focus List' on Friday as it pointed to headwinds in the second quarter.
"We have a buy rating on Lloyds Banking Group and on a 12-month view we see significant value in the stock," it said.

"We see re-rating potential in the long-term, trading on 0.85x P/TB for circa 14% consensus 2023 return on tangible equity (Citi estimates circa 17%).

"However, we note headwinds in the second quarter relating to deposit pricing changes, ongoing deposit mix-shift, absence of structural hedge maturities and ongoing mortgage margin compression - which has been more acute than peers - which could weigh on near-term earnings momentum."

Citi's revised top picks for EMEA banks for the second half of 2023 are BBVA, Intesa and NatWest, replacing Lloyds.

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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 54.54p
Change Today 0.24p
% Change 0.44 %
52 Week High 54.64
52 Week Low 39.76
Volume 141,611,333
Shares Issued 63,082m
Market Cap £34,405m
RiskGrade 208

Lloyds Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.40% above the market average86.40% above the market average86.40% above the market average86.40% above the market average86.40% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Price Trend
78.73% above the market average78.73% above the market average78.73% above the market average78.73% above the market average78.73% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Income
93.69% above the market average93.69% above the market average93.69% above the market average93.69% above the market average93.69% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
60.06% above the market average60.06% above the market average60.06% above the market average60.06% above the market average60.06% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 6
Sell 1
Strong Sell 0
Total 17
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
  Final Interim
Ex-Div 11-Apr-24 03-Aug-23
Paid 21-May-24 12-Sep-23
Amount 1.84p 0.92p

Trades for 14-May-2024

Time Volume / Share Price
16:26 7 @ 54.54p
16:26 7 @ 54.54p
16:26 3 @ 54.54p
16:26 3 @ 54.54p
16:26 20 @ 54.54p

Lloyds Key Personnel

Chair Robin Budenberg

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