Lloyds Banking FY16 Profit Soars, Lifts Dividend; Sees Higher Margin In FY17
00:45, Feb 24, 2017
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Lloyds Banking Group PLC (LON:LLOY)'s stock had its "buy" rating reaffirmed by equities research analysts at Beaufort Securities in a research report issued to clients and investors on Thursday. Finally, S&P Global set a GBX 80 ($1.00) price objective on Lloyds Banking Group PLC and gave the stock a "buy" rating in a research report on Wednesday. They now have a GBP 68.00p price target on the stock. Lloyds Banking Group PLC has recorded a 50-day average of 65.84GBX and a two hundred day average of 59.90GBX. The 52 week high for the share price is now at 74 GBX while the 52 week low is 47.1 GBX.
The biggest institutional shareholders in Lloyds Banking Group Plc include HM Treasury which owns 4 B million shares in the company valued at $11.06 B million.
Looking ahead, for fiscal 2017, the company expects net interest margin to be greater than 2.70 percent, before impact of MBNA.
Shares of Lloyds Banking Group PLC (LON:LLOY) have earned an average rating of "Hold" from the twenty-six ratings firms that are covering the firm.
There are 5 sell ratings, 6 hold ratings, 15 buy ratings on the stock.
"Historically low interest rates will also continue to provide a hard backdrop for banks in general, whilst the cost or regulation - let alone any further fines darkening the picture - will be a necessary cost of doing business".
Pan - European Stoxx 600 moved up by 0.4% shortly after opening, on Wednesday. The last session's volume of 4.52 million shares was lower than its average volume of 5.90 million shares. The stock remained 3.68% volatile for the week and 3.61% for the month. The monthly performance exhibited a rate of 8.26% with an annual performance rate of 3.39%.
The 20 analysts offering 12-month price forecasts for Lloyds Banking Group have a median target of 3.69, with a high estimate of 4.52 and a low estimate of 2.03.
The incentive payout fell from £5.18 million in 2015 to £1.58 million previous year. With shares now trading at 70.3p a share, the bank is one of the most expensive on its multiple on tangible book value - now 1.38x. The shares were purchased at an average cost of GBX 63 ($0.78) per share, for a total transaction of £119,070 ($148,355.35). Contrast this with HSBC and Barclays, which both recently reported a cost efficiency ratio in excess of 60%, this demonstrates the advantage of Lloyds' simple, low cost, retail and commercial bank business model.
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