Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Lloyds Banking Group PLC Add to portfolio

LON100:LLOY, Aug 20, 04:48 UTC

Latest LON100:LLOY News

Filter your feed

Apply Filter

Sunday, February 10


News

Lloyds Banking Group PLC (LLOY) Given Average Rating of “Buy” by Brokerages – Fairfield Current

LLOY

Shares of Lloyds Banking Group PLC (LON:LLOY) have been given an average recommendation of “Buy” by the seventeen analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. JPMorgan Chase & Co. dropped their price target on Lloyds Banking Group from GBX 85 ($1.11) to GBX 80 ($1.05) and set an “overweight” rating on the stock in a research note on Monday, January 21st. Lloyds Banking Group has a fifty-two week low of GBX 61.81 ($0.81) and a fifty-two week high of GBX 73.58 ($0.96).

Read Full Details

Story Sources

fairfieldcurrent.com
Topics:
  • Business
  • Financial

Saturday, February 09


News

Bank closure is body blow to Alcester residents - Stratford Herald

LLOY BARC

BARCLAYS customers in Alcester have been dealt a body blow this week with news the bank giant will close its Alcester High Street branch on Friday 24th May. In a letter sent to customers, Barclays said people are changing the way they bank using online and telephone services and that customer usage continued to fall. The reasoning doesn’t appear to hold weight with some Barclays’ customers in Alcester who this week wrote to the Herald voicing their concern and frustration about the closure which means anyone wanting to do their banking business in the town will either have to go to The Post Office or Lloyds Bank – the only bank left in Alcester. One such letter writer is Patricia Layton who said: “They say the Alcester branch is not viable yet every time I go in there is a queue.”. While Barclays reminds customers its business as usual at branches in Stratford, Redditch and Evesham and at the same time promotes its online options in the letter, this week’s news about Alcester follows a worrying trend of Barclays Bank closures in the district over the last 15 months; Henley, November 2017, Wellesbourne, August 2018 and Warwick, December 2018.

Read Full Details

Story Sources

stratford-herald.com
Topics:
  • Business
  • Financial
  • Science

Friday, February 08


News

What The Market Is Missing About Lloyds Banking Group plc (LYG), Lockheed Martin Corporation (LMT)

LMT LLOY

According to 1 stock analysts, Lloyds Banking Group plc, is being kept at an average Underperform, rating, with at least 0.01% of shares outstanding that are currently legally short sold. With these types of results to display analysts, are more pessimistic than before, leading 0 of analysts who cover Lloyds Banking Group plc (NYSE:LYG) advice their clients to include it in their buy candidate list. However, at the Wall Street, the shares for the company has been tagged a $2.71 price target, indicating that the shares will drop -8.14% from its current levels. Also, a -23.18% overturn in Lloyds Banking Group plc (LYG) witnessed over the past one year demand tendency to limit losses.Lockheed Martin Corporation (NYSE:LMT) Has 9 Buy or Better Ratings. The recent close goes a long way in suggesting that the stock price is being underpriced by a 34.28% compared to the most bullish target.Lockheed Martin Corporation (LMT) Returns 14.62% This Year.

Read Full Details

Story Sources

postanalyst.com
Topics:
  • Business
  • Financial
News

Lloyds Banking Group plc Cuts Stake in Microsoft Co. (MSFT) – PressOracle

LLOY MSFT

Lloyds Banking Group plc cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 53.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). O Brien Wealth Partners LLC now owns 1,726 shares of the software giant’s stock valued at $197,000 after buying an additional 1,416 shares during the last quarter. The company has a market cap of $825.57 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.97 and a beta of 1.17. In other Microsoft news, CMO Christopher C. Capossela sold 10,000 shares of Microsoft stock in a transaction on Monday, December 3rd.

Read Full Details

Story Sources

pressoracle.com
Topics:
  • Business
  • Financial
News

Lloyds Bank rolls out open banking functionality to mobile app customers

LLOY GOOGL +1 more LLOY GOOGL GOOG

Open banking, which was introduced by the government a year ago, enables third-party financial services suppliers access to customer data – if the customer agrees – through application programming interfaces (APIs). Stephen Noakes, transformation director at Lloyds Banking Group, said: “We’re focusing on taking our industry-leading apps to the next level by offering customers a fuller view of their finances. Bringing Open Banking technology into our apps is the next step in a series of exciting new features designed to make it easier for customers to manage their money online. “Not staggeringly new, but with smartphone apps becoming the preferred way of managing bank accounts, it’s a first and necessary step that will quickly be so normal to most app users that they will think it’s no big deal,” he said. But he added that these services, in retail banking, will lead to more advisory services: “Your bank will be able to suggest moving savings to a higher interest account, for instance.

Read Full Details

Story Sources

computerweekly.com
Topics:
  • Business
  • Financial
  • Science
News

Is Lloyds Banking Group PLC’s share price becoming difficult to justify?

LLOY

Is Lloyds Banking Group PLC’s share price becoming difficult to justify? While the Lloyds Banking Group PLC (LON:LLOY) (LLOY.L) share price has risen by around 15% since the start of the year, it continues to have a low valuation according to my research. Further, a price to tangible book ratio of little more than 1 indicates to me that the stock could offer a large margin of safety at the moment. It is investing in improving the customer experience through digital opportunities, while closing branches could lead to a lower cost to income ratio over the long term. As well as this, the bank has been able to strengthen its balance sheet in recent years according to my research. Therefore, while it lacks the geographic diversity of some of its peers, it may be able to perform relatively well should the economic outlook for the UK economy come under pressure. Investors are cautious about the prospects for UK shares, and this is being reflected in their valuations. But in the long run I believe that there could be scope for an upward rerating adjustment to take place due to the stock’s growth potential.

Read Full Details

Story Sources

investomania.co.uk
Topics:
  • Business
  • Financial
  • Entertainment
News

Lloyds Banking Group (LON:LLOY) Rating Reiterated by Barclays – Fairfield Current

LLOY

Goldman Sachs Group increased their price objective on Lloyds Banking Group from GBX 56 ($0.73) to GBX 57 ($0.74) and gave the stock a sell rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Lloyds Banking Group has a 12 month low of GBX 61.81 ($0.81) and a 12 month high of GBX 73.58 ($0.96). In other Lloyds Banking Group news, insider Simon Henry purchased 50,000 shares of the business’s stock in a transaction on Monday, November 19th.

Read Full Details

Story Sources

fairfieldcurrent.com
Topics:
  • Business
  • Financial
News

Renaissance Technologies LLC Acquires 651,700 Shares of Lloyds Banking Group PLC (NYSE:LYG) – Fairfield Current

LLOY

Renaissance Technologies LLC increased its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 69.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The company’s stock had a trading volume of 4,549,400 shares, compared to its average volume of 9,407,542. Lloyds Banking Group PLC has a fifty-two week low of $2.43 and a fifty-two week high of $4.01. Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally.

Read Full Details

Story Sources

fairfieldcurrent.com
Topics:
  • Business
  • Financial

Thursday, February 07


News

Lloyds Banking Group PLC (LLOY) Receives GBX 75.07 Consensus Target Price from Brokerages – PressOracle

LLOY

Lloyds Banking Group PLC (LLOY) Receives GBX 75.07 Consensus Target Price from Brokerages – PressOracle. Lloyds Banking Group PLC (LON:LLOY) has been assigned an average rating of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. Royal Bank of Canada set a GBX 80 ($1.05) target price on Lloyds Banking Group and gave the company a “buy” rating in a research note on Wednesday, December 26th.

Read Full Details

Story Sources

pressoracle.com
Topics:
  • Business
  • Financial
News

Is Lloyds Banking Group PLC still a ‘bargain’ after 16% share price rise?

LLOY

Is Lloyds Banking Group PLC still a ‘bargain’ after 16% share price rise? I have felt that Lloyds Banking Group PLC (LON:LLOY) (LLOY.L) offers good value for money for some time. Particularly in the latter part of 2018, I believed that the stock was underrated by investors as a result of what I viewed as a sound growth strategy. Since hitting a low of 50p in December, the stock has risen by 16% to 58p. With a low valuation and growth potential, I still view it as a good value FTSE 100 share for the long term, but in the short run its price could experience some ups-and-downs.

Read Full Details

Story Sources

investomania.co.uk
Topics:
  • Business
  • Financial
  • Entertainment