Professional
Added to YB: 2024-02-29
Pitch date: 2024-02-22
LYG [bullish]
Lloyds Banking Group plc
+125.7%
current return
Author Info
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Company Info
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services in the United Kingdom and internationally.
Market Cap
GBP 51.3B
Pitch Price
GBP 0.42
Price Target
4.00 (+327%)
Dividend
3.82%
EV/EBITDA
N/A
P/E
15.39
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Lloyds Banking Group plc: Overall Within Expectations; 2024 Net Interest Margin Looks Achievable
LYG Q4: £4.23B net income, higher costs, NIM 298bps. £450M charge on motor finance review. '24 NIM >290bps, £9.3B costs w/ investments. Fair value GBX 77, narrow moat on cost edge & UK retail lead. Risks: mortgage pressure, conduct. $4 PT on 1.5x '23 TBV.
Read full article (9 min)