After rising 64%, is the Lloyds share price on course for 120p?
Hardly anybody predicted the spectacular rise in the Lloyds (LSE:LLOY) share price during the past 12 months. At 101.5p per share, the FTSE 100 bank is 64% more expensive than at this point last year.
With the key £1 psychological and technical level now breached, more meaty gains are being tipped for Lloyds shares. The breakneck price momentum of the last year has also prompted analysts to ramp up their forecasts in recent weeks.
One analyst reckons the bank will reach 120p over the next 12 months. That’s an 18% increase from today’s levels. That’s much lower than what shareholders have recently enjoyed. But with predicted dividends added, it still suggests a healthy total return of…
