Broker recommendations for Lloyds Banking Group Plc
The Lloyds Banking Group Plc stock is rated at 1.5 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Monday 27 July, 2020 by a total of 22 brokers. This means that the consensus of the 22 different brokers is leaning toward to overweight (moderate buy).
Sell
1 (4.55%) Underweight
2 (9.09%) Hold
6 (27.27%) Overweight
0 (0%) Buy
13 (59.09%)
Price target by analysts
The 19 latest analyst estimates, per Monday 3 August, 2020, show the following high, low and average price targets.
Target Average: 1.91 USD
Target High: 2.4 USD
Target Low: 1.43 USD
Lloyds and Barclays banks reviewing UK office space
Friday, 31 July 2020, 08:57:00
Lloyds banking group and Barclays are reviewing their office space requirements in the UK as the banks move to a home working first approach.
— Property Week
Lloyds’ gloomy message on UK recovery is based on more than pessimism | Larry Elliott
Thursday, 30 July 2020, 18:39:20
Companies are stashing their government-funded bounce-back loans for good reason Way back, when Britain had a much bigger industrial base than today, ICI’s results were seen as a sign of how well things were going. Times change and these days it is not a manufacturing giant like ICI but a high street bank that has taken on the role of the economy’s bellwether. If what’s happening at Lloyds Banking Group really is a reflection of what is happening to the UK as a whole – and there is a good argument for saying that it is – there is plenty to be concerned about. Lloyds has a big presence in the mortgage market, car loans, credit cards and business lending. It is almost entirely UK focused. Continue reading…
— The Guardian
Lloyds reviews use of office space amid homeworking boom
Thursday, 30 July 2020, 17:27:26
Banking group becomes latest big employer to consider long-term remote working Lloyds Banking Group is reviewing the amount of office space it uses , as it becomes the latest large UK employer to take advantage of a homeworking boom during the Covid-19 pandemic. “We are indeed reviewing our property strategy,” its chief executive, António Horta-Osório, said on Thursday. Continue reading…
— The Guardian
Lloyds shares slide to eight-year low as FTSE 100 slumps
Thursday, 30 July 2020, 14:04:00
Lloyds Banking Group shares fell to an eight-year low on Thursday, as the U.K. bank took an impairment charge of £3.8 billion for the first half.
— MarketWatch
Lloyds dives into the red as bank expects £3.8bn of bad loans
Thursday, 30 July 2020, 13:13:29
Lloyds Banking Group has plunged into the red after it booked a £3.8bn provision for bad loans arising from the coronavirus crisis. Read more: Lloyds dives into the red as bank expects £3.8bn of bad loans
— Business Matters
