Is It Still Safe to Buy Lloyds Banking Group PLC (ADR) (LYG)?

Page 2 of 2

Foolish summary
Barring any unforeseen setbacks, Lloyds Banking Group PLC (ADR) (NYSE:LYG) is on track to return to profit this year. That said, there is still plenty of speculation about the bank’s future and the company’s share price has already gained 28% so far this year, which is 19% more than the FTSE 100 as a whole, making the company look slightly “overbought.”

So overall, I feel that Lloyds Banking does not look safe to buy at 61 pence.

In the meantime, please stay tuned for my next FTSE 100 verdict.

The article Is It Still Safe to Buy Lloyds Banking? originally appeared on Fool.com.

Rupert does not own any share mentioned in this article.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2