When Lloyds publishes full-year results on 25 February, JPM expects to see a 2p dividend, including the 0.5p special, and adjusted EPS of 8.2p. That puts the shares on a PE ratio of just 8 times.
"We believe that Lloyds is best positioned within the sector to complete its balance sheet transformation and become a dividend growth story," says the broker. "We view any pull back as a buying opportunity. Lloyds remains our top UK bank pick."
2517
Bloomberg are reporting that G. Osborne has commented that the sale of LLOY shares to the public will only happen when the markets have stabilized. Not yet found anything to support that on the usual press web sites.
Jefferies International today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 101p (from 104p).
Well apart from my holding from down at 40p from years ago I though 73p was a good entry. Hey what do I know?
All the banks starting to look way oversold to me. Took some BARC today.
As the market is forecast to start lower today,we might be getting to a new good entry point imo. HeyHo we shall see but I shall soon start buying for long investment periods rather than trading this one.
In fact nearly everything in my portfolio apart from a few builders and trades placed this week are now a long term hold. Nothing a 5% rally on FTSE wouldn't fix but frustrating nevertheless
I was looking forward to a bit more interest in Lloyds today but it does seem that the malaise of the market has taken over...once again.
But if AHO is to get a £800K bonus then there is hope of a decent divi for the shareholders...fingers crossed on that.