Lloyds Banking Group (LON:LLOY) Given New GBX 124 Price Target at Royal Bank Of Canada

Lloyds Banking Group (LON:LLOY) had its price objective boosted by investment analysts at Royal Bank Of Canada from GBX 120 to GBX 124 in a research report issued on Friday,London Stock Exchange reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price points to a potential upside of 8.25% from the stock’s current price.

LLOY has been the subject of several other research reports. Shore Capital Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Citigroup boosted their price objective on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a report on Monday, April 13th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 target price on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a report on Friday. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 114.20.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock traded down GBX 1.10 on Friday, hitting GBX 114.55. The stock had a trading volume of 579,072,250 shares, compared to its average volume of 181,568,172. The stock has a 50 day moving average of GBX 107.48 and a 200 day moving average of GBX 102.63. The firm has a market capitalization of £66.63 billion, a P/E ratio of 15.07, a PEG ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a twelve month low of GBX 74.43 and a twelve month high of GBX 117.70.

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. Equities analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Lloyds Banking Group News Summary

Here are the key news stories impacting Lloyds Banking Group this week:

• Positive Sentiment: First-half profit reportedly rose 23% to approximately £4.3 billion, strengthening confidence in Lloyds’ earnings outlook. Management also unveiled plans to cut a further £2 billion in costs, with artificial intelligence expected to play a significant role in improving efficiency. Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
• Positive Sentiment: The new strategy targets a return on tangible equity above 18% in 2028 and approximately 20% by 2030. Achieving these targets would support long-term profitability and potentially improve shareholder returns. Lloyds Banking Group Mobilizes 800 AI Models to Slash Costs
• Positive Sentiment: Lloyds launched a share buyback programme of up to £1 billion and continued repurchasing and cancelling shares under its existing programme. Buybacks can enhance earnings per share and signal management’s confidence in the bank’s capital position. Lloyds Banking Group Launches £1 Billion Share Buyback Programme
• Positive Sentiment: Deutsche Bank and Jefferies reaffirmed “buy” ratings with GBX 125 price targets, providing additional analyst support. Broker views on Lloyds Banking Group
• Neutral Sentiment: Lloyds and Lloyds Bank updated documentation for their £60 billion EMTN programme with an FCA-approved supplement. The move is routine and supports future debt issuance rather than directly changing earnings. Lloyds Updates £60bn EMTN Documentation
• Negative Sentiment: Bank of America maintained a “hold” rating, saying Lloyds’ valuation is relatively full despite solid results, which could constrain upside from current levels. Lloyds Solid Results but Full Valuation Keeps Risk-Reward Balanced
• Negative Sentiment: Reports of renewed calls for higher taxes on banks add a policy risk to future distributions and profitability, although no immediate tax change was announced.

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.