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Lloyds and NatWest remain top sector picks leading banking research team

Published 27/02/2024, 13:37
© Reuters.  Lloyds and NatWest remain top sector picks leading banking research team

Proactive Investors - Lloyds Banking Group PLC (LON:LLOY) and NatWest Group PLC (LON:NWG) are among the European top picks of the investment research team at Barclays (LON:BARC) following fourth-quarter and full-year results from the sector.

Both are rated 'overweight' with Lloyds valued at 65p a share and NatWest 330p.

Barclays research provided this far-from-illuminating insight: "We remain positive on European banks after Q4 results. Banks that delivered positive messages (leading to confirmation or small upgrades in EPS) generally re-rated (or vice versa)." Way to go Mystic Meg.

In early afternoon trading, Lloyds shares were up just under 1% at 46.3p, while NatWest was ahead 1.5% at 234.7p.

Read more on Proactive Investors UK

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