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Lloyds Share Price (LLOY) Forecast London Stock Exchange October 24

Continuing its rise from the 16 October drop-off in share price, Lloyds has been on a trend of upward movement much to the delight of investors.

A sharp drop-off to 75.11 after opening yesterday at 75.85 left the company with room to recover, which it did by mid-day later overtaking its opening value. Wednesday saw the same pattern of activity and it is considered by analysts to hold consistent throughout week.

Analysts and brokers have remained consistent on their recommendations, quoting this stock as a strong buy for investors.

Co-operative Bank aborted purchase of more than 600 Lloyds branches when the plan to do so fell apart in the hands of upper management, earning sharp criticism from The House of Commons Treasury Select Committee.

The company saw increased activity in purchases of shares and remained the highest traded stock by volume on the London Stock Exchange and is anticipated to do so into the weekend.

 

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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