CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Can the Lloyds share price keep soaring?

Following the UK election result, which saw the Conservative Party secure a landslide victory, Lloyds share price soared. But will the stock continue to make gains?

In the wake of the Conservative Party securing a landslide victory on Friday, Lloyds share price soared 20% to 73p in early morning trading.

However, as Friday’s session continued, the bank’s early gains waned slightly, with the stock closing at 64p a share and opening a touch higher this week at 66p as of 13:45 GMT on Monday.

With the new year fast approaching, Lloyds share price is set to end 2019 on a high, with the stock up more than 30% since the beginning of January. But can the stock continue to soar higher?

Looking to trade Lloyds and other bank stocks? Open a live or demo account with IG.

Lloyds comes close to hitting Société Générale target price

Analysts at Société Générale have remained upbeat about Lloyds, with the bank reiterating its ‘buy’ rating for the stock and issuing a target price of 76p a share in November.

After the UK election, Lloyds share price soared close to that target, but narrowly missed breaking through that level.

It will be interesting to see how analysts update their guidance for Lloyds and other UK bank stocks, with a Conservative majority in parliament ensuring Brexit gets done on January 31.

You can go long or short Lloyds with IG using derivatives like CFDs.

Lloyds dodges Labour restrictions after Tory victory

Reduced uncertainty over Brexit aside, Lloyds stands to benefit from the Tories victory by dodging Jeremey Corbyn’s proposals for the banking sector, which included the introduction of state-backed lending banks and a restriction on branch closures.

Under a Conservative government, investors are also expecting the UK Treasury to accelerate the sell-off of its remaining stakes in Lloyds and Royal Bank of Scotland.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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