What has the Lloyds share price returned over the last 10 years?
Lloyds shares are only marginally higher than where they were 10 years ago, but with the stock seeing significant volatility and likely to continue to do so in 2020, savvy investors stand to make a decent return.
Lloyds share price is up a little more than 1% compared to where it was ten years ago, but with the stock seeing significant volatility over that period and likely to continue to do so in 2020, savvy investors could make a decent return.
Lloyds saw its share price fall to 48p a share in August only to climb some 20% since then to close at 57p a share Monday.
UK bank stocks have seen significant volatility over the last 12 months, with the market reacting to rising trade tensions, a slowdown in the global economy and of course Brexit.
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Expect more volatility in 2020 for Lloyds shares
Lloyds and its UK peers will likely see more stock market volatility in 2020, with the Brexit process yet to be concluded and likely to take another 12 months to complete.
In 2020, Lloyds will also have to contend with many of the same challenges that plagued it and its rivals last year, with low interest rates and a highly competitive mortgage market likely to hinder its performance.
Goldman Sachs downgrades Lloyds target price
Analysts from Goldman Sachs downgraded Lloyds, reiterating their ‘sell’ rating for the stock and issuing a 54p price target in January.
Based on Lloyds trading at 57p a share, analysts at Goldman Sachs believe the stock has a potential downside of -5.2%.
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