Negative
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Proactive Investors
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5 months ago
Shore Capital has reiterated its 'sell' recommendation on Lloyds Banking Group PLC (LSE:LLOY) with a 91p target price, arguing that a strong first-quarter performance is already reflected in a share price that has gained 34% over the past year. The broker pointed out that the stock is trading at approximately 1.7 times first-quarter tangible net asset value, a level it considers stretched given...