Published: Sat, February 25, 2017
Economy | By Melissa Porter

Lloyds sees profit soar to its highest rate in a decade

Lloyds sees profit soar to its highest rate in a decade

This rating was issued on 11/29/16. At present, the PEG is valued at *TBA alongside the P/S ratio of 3.32 and P/B ratio of 0.89. There may be various price targets for a stock. The highest and lowest price target given by the brokerage firms to the equity are $70 and $45, respectively.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Exane BNP Paribas Downgrades the company's stock to Underperform on 1/13/16 with no specific Price Target. The Closing price of Lloyds Banking Group plc (NYSE:LYG) at Last Earnings was $3.39 as compared to the previous closing price of $3.54.

In addition, the Board has recommended a special dividend of 0.5 pence per share. The stock has 52-week high of $4.42 and 52-week low of $2.47.

Several analysts have released their opinion on Lloyds Banking Group plc (NYSE:LYG), with 1 analysts believing it is a strong buy. They presently have a GBX 80 ($1.00) target price on the financial services provider's stock. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. The stock's market cap is GBX 43.19 billion.

The share price of the company (NYSE:LYG) was up +0.00% during the last trading session, with a high of 3.58 and the volume of Lloyds Banking Group Plc shares traded was 6384839. The stock's 52-week range is $2.47 - $4.42. The company has a consensus rating of Hold and an average price target of GBX 227.70 ($2.84). The company has a 50-day moving average of GBX 213.87 and a 200 day moving average of GBX 212.03. The Moving Average SMA50 is 8.56% while SMA200 is 11.37%.

Its profit haul is the biggest since 2006 and comes as it puts the PPI saga and taxpayer bailout behind it, with the Government now holding a stake of less than 5% and set to fully return the lender to private hands by the summer. The Return on Equity now counts at 4.40%. Likewise, the positive performance for the quarter was recorded as 12.62% and for the year was -2.08%, while the YTD performance remained at 9.35%.

As the most exposed among the major British banks to any downturn in the British economy, with 97 percent of its business in the UK, Lloyds has confounded expectations that last year's vote to quit the European Union would squeeze profits.

The stock now has its Annual Dividend of $0.09 and an annual Dividend Yield of 2.54 Percent. Finally, J P Morgan Chase & Co decreased their price target on shares of Poundland Group PLC from GBX 350 ($4.30) to GBX 300 ($3.69) and set an "overweight" rating for the company in a report on Thursday, January 7th.

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