Is the Lloyds share price too cheap to miss?
Key points
With an interest rate hike imminent, the bank may benefit
A relatively low forward P/E ratio suggests the Lloyds share price is cheap
Ratings have been steadily improving for this company in recent months
Up 45% from one year ago, Lloyds Banking Group (LSE: LLOY) is a big-hitter within the global banking industry. Like a number of other stocks, the Lloyds share price plummeted when the pandemic hit, almost halving in value. With an interest rate hike on the horizon, however, could this stock now be considered too cheap to miss? Should I be adding it to my portfolio? Let’s take a closer look. Interest rates
Interest rates have a big impact on the firm, because these dictate how much it can charge customers to whom it lends money. Since the financial crash of 2007 and 2008, UK interest rates have always been below 6%. Following the outbreak of the pandemic, they fell to just 0.1%.
Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.
But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio. Click here to claim your free copy now! That may have been good news for borrowers, but the effect on […]
Click here to view original web page at www.fool.co.uk
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.