Lloyds Banking Group (LLOY)

Sector:

Banking

Index:

FTSE 100

54.80p
   
  • Change Today:
    -0.98p
  • 52 Week High: 56.38
  • 52 Week Low: 39.76
  • Currency: UK Pounds
  • Shares Issued: 62,984m
  • Volume: 210,793,047
  • Market Cap: £34,516m
  • RiskGrade: 208

Citi reiterates 'buy' rating on four UK bank stocks

By Michele Maatouk

Date: Friday 10 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
It noted that the banks all provided 2023 net interest margin outlooks that disappointed versus consensus expectations, mainly due to an assumed increase in deposit betas on higher customer switching.

"Our Deep Dive analysis on deposit migration and pricing suggests NIM guidance for Lloyds & NatWest is overly conservative, whereas Barclays looks more ambitious," it said.

Citi said its 2023 adjusted pre-tax profit forecasts for NatWest are 17% above consensus, Lloyds 7% above, Virgin Money 4% above and Barclays 2% above.

Banking shares were sharply lower on Friday, having taken their cue from a sector selloff on Wall Street, which was triggered after tech-focused bank SVB Financial announced plans to raise more than $2bn in capital to help offset losses on bond sales.

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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 54.80p
Change Today -0.98p
% Change -1.76 %
52 Week High 56.38
52 Week Low 39.76
Volume 210,793,047
Shares Issued 62,984m
Market Cap £34,516m
RiskGrade 208

Lloyds Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.80% above the market average42.80% above the market average42.80% above the market average42.80% above the market average42.80% 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
75.68% above the market average75.68% above the market average75.68% above the market average75.68% above the market average75.68% above the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Income
60.25% above the market average60.25% above the market average60.25% above the market average60.25% above the market average60.25% above the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Growth
61.12% above the market average61.12% above the market average61.12% above the market average61.12% above the market average61.12% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% 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 24-May-2024

Time Volume / Share Price
16:36 4,986 @ 54.80p
16:36 4,985 @ 54.80p
16:35 45,109,727 @ 54.80p
16:35 53,073 @ 54.80p
16:35 2,010 @ 54.80p

Lloyds Key Personnel

Chair Robin Budenberg

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