This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 77.9p | 74p (3.8p/4.8% below) | 87p (9.2p/12% above) | 2.4x | 5% |
Observations – For
Observations – Against
A swift recovery from 21 August stock market woes, LLOY shares have popped back up into a prior 7.5 month trading range. Many UK 100 stocks have failed to regain prior trading levels thus far. LLOY remains a hugely popular financials play which should keep volumes high. Government stake now reduced to <13%.
Broker Investec (25 Aug) upgraded to buy from hold, reiterrating its target of 86p.
87% of brokers remain positive/neutral on the stock with 90% of targets now above current share price. Consensus target price implies 18% upside potential. August has seen 12 broker updates of which 11 are reiterrations of prior recommendations with the one upgrade from Investec, and only one looking for any downside. Among all 20 brokers 9 are now targeting 100p or more.
Next Event: Interim management statement, 28 Oct
Source: DowJones Newswires, Reuters News, Boomberg or Company Press releases.
Latest Broker 12-Month Consensus: 57% Buy, 29% Hold, 14% Sell (full breakdown on request)
| Share | 1wk | 1m | 3m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -3.6 | -10.9 | -3.1 | -0.5 | 1.7 | 123.9 | 156.0 | 12.1 |
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