Connect with us

Business

Should I double down on the Lloyds share price? – Motley Fool UK

The Lloyds share price is down by more than 40% this year and trades at a big discount to book value. With a 5% yield forecast for 2021, should I buy?

Published

on

post featured image

For many years, Lloyds Banking Group (LSE: LLOY) had a reputation as an income stalwart. But I’m a bit worried that this may have distracted investors, including me, from the fact that the Lloyds share price is now 90% lower than it was 20 years ago.
Today I want to explain why I think Lloyds does offer value, but I can’t bring myself to buy the shares.
A crushing disappointment
It takes a lot of dividend income to make up for such a dire share price performance. And to be honest, I don’t thi…

Click here to view the original article.