Lloyds Banking Group: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse reinstates its its "outperform" rating on Lloyds Banking Group shares, nudging up its target price for them to 60 pence (from 58 pence), after it raised its corresponding EPS estimates by 8% for 2021 and by 3% for 2022 and 2023.


The broker sees the financial institution as consistently earning higher returns than its peers in the UK, and expects its 29 July interim results to provide further evidence of that view.

"We continue to be meaningfully above consensus earnings primarily because of our view that NIMs will increase further from here," Credit Suisse added.


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.