Do Lloyds continue to be a bargain about 52 weeks?

Lloyds (LSE: Lloy) The actions are galloping maximums not seen for almost a decade. He Ftse 100 Banking Group has delivered a price gain of the shares of 31% only in 2025, promoted by a strip of analyst updates.

After such star returns, does the action still offer a good value at 72p today? Or could some unpleasant obstacles face the lender ultimately, the price of Lloyds' actions out of the way?

Let's explore.

A stock with strength horses

German bank, Morgan Stanleyand Peel hunting They have raised their forecasts for the price of Lloyds shares in recent days. Although the target price of 75P city consensus suggests that greater growth could be limited, Morgan Stanley's revised prediction of 90p would mean an additional gain of 24% if it was crushed.

He is encouraging that trust returns to Black Horse Bank after some challenging years. In addition, it still does not resemble the overwhest of actions. Lloyds shares currently operate for a reasonable price -progress price ratio (p/e) below 10.4.

Okay, this is above the average of five years of the action. It is also higher than the P/E multiples of the main FTSE 100 competitors, such as Barclays (7.2), Natwest Group (7.9), and HSBC (8.9). However, the relationship remains low enough to indicate that Lloyds actions offer some value today.

It could be said that the price/book ratio (P/B) is a more useful metric when assessing banking actions. In this criterion, Lloyds is reasonably well. With a multiple of 0.96, it is just below a p/b value of one, which can be a useful indicator that an action has a quite price.

The results of the bank's quarter quarter contained notable outstanding, especially for income investors. These included a generous repurchase of £ 1.7 billion and an increase in dividends of 15%. The current dividend yield of 4.4% of the action comfortably exceeds the Average FTSE 100 of 3.5%.

In general, there are good reasons for optimism.

Rocky travel ahead?

That said, there are flies in the ointment of the price of Lloyds shares. A historical scandal of incorrect sale of motor finance is a dark cloud that still hangs on the bank. The Supreme Court will be declared on the subject this month.

Lloyds has increased its compensation reserves by £ 700 million to £ 1.2 billion, but investors with long memories will remember the chaos resulting from PPI claims. The lender paid the whopping £ 21.9 billion to make peace with those mistakes.

Another key risk is the weakness of the British economy. The Office of Responsibility of the Budget (OBR) recently reduced its GDP growth prognosis of the United Kingdom by 2025 from 2% to 1%. Trump's expansive global tariffs, which will be announced today (April 2), aggravate the uncertain perspective.

As the largest mortgage lender in the country, the fate of Lloyds' actions is intrinsically linked to the economic performance of the United Kingdom and the national housing market. Macro risks could end up torpedoing some of the most hopeful predictions for the growth of the bank's actions.

My shot

As a shareholder of Lloyds, I am delighted with the recent performance of the bank's stock market. The recent increase in dividends was also a sweet reward since regular income payments are one of my main reasons for maintaining shares.

However, Lloyds actions are not the offer that was once, especially compared to the bank's rivals. I am also distrustful that there are important macroeconomic challenges facing the group. I'm not going to sell, but I'm not inclined to add to my position today.