![]() Lloyds underwent a major restructuring in 2011, and analyst Niklas Kammer says the new company is now a low-risk play on British retail and commercial banking. Lloyds Banking Group is a diversified bank and insurance provider based in the U.K. Morningstar has a “buy” rating and a $4.50 fair value estimate for SAN stock, which closed at $3.43 on March 16. He says Santander’s earnings have been stable compared to peers, however, thanks in part to its relatively low exposure to investment banking and home loans. Scholtz says concerns over Santander’s capitalization are the primary reason why it has lagged behind its European banking peers. Analyst Johann Scholtz says Santander reported fiscal 2021 earnings that were 23% higher than its 2019 earnings, yet the stock is still trading for much less than its 2019 levels. Here are eight stocks for less than $10 per share that have room to run, according to Morningstar.īanco Santander is a large Spanish bank with a sizable international presence. Fortunately, the Morningstar analyst team has identified eight cheap, high-quality stocks that could be excellent buying opportunities for frugal investors. ![]() Many of these companies have challenged business models or difficult near-term outlooks. Stocks priced in that range can be red flags for investors that something is seriously wrong. Quality stocks trading for less than $10 are few and far between. The S&P 500 is off to a shaky start to 2022, but the stock market pullback has created some potential buying opportunities for long-term investors. Business & Finance Click to expand menu.Īt less than $10 per share, these stocks won’t break the bank.
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