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 raised by Royal Bank Of Canada from GBX 120 to GBX 124 in a research report released on Friday morning, Marketbeat reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

LLOY has been the subject of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research note on Monday, April 13th. Citigroup increased 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. Shore Capital Group reissued a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a research report on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lloyds Banking Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 114.20.

Lloyds Banking Group Stock Down 0.8%

Shares of LON:LLOY opened at GBX 114.70 on Friday. Lloyds Banking Group has a 52-week low of GBX 74.43 and a 52-week high of GBX 117.70. The stock has a market cap of £66.72 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.84 and a beta of 0.91. The business has a 50-day moving average price of GBX 107.78 and a 200-day moving average price of GBX 102.72.

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. As a group, equities analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Key Lloyds Banking Group News

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

• Positive Sentiment: Large share buyback underway: Lloyds is advancing its £1.75 billion repurchase programme, including the cancellation of recently bought shares. Buybacks can support earnings per share and signal management confidence. Lloyds Banking Group Advances £1.75bn Share Buyback and Moves to Weekly Reporting
• Positive Sentiment: Solid first-half performance and ambitious targets: Lloyds reported first-half profit of approximately £4.3 billion, up 23%, while outlining plans to cut a further £2 billion in costs. Its AI-driven strategy targets return on tangible equity above 18% in 2028 and around 20% in 2030, potentially improving efficiency and profitability. Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
• Positive Sentiment: Analyst support strengthened: Royal Bank of Canada raised its price target to 124 pence and upgraded its view to “outperform.” Deutsche Bank and Jefferies reaffirmed “buy” ratings with 125-pence targets. Broker views on Lloyds Banking Group
• Neutral Sentiment: Lloyds confirmed 58.15 billion ordinary shares in issue and updated its £60 billion euro medium-term note documentation. These are routine capital-markets and disclosure updates rather than immediate earnings catalysts. Lloyds Banking Group Confirms Voting Share Capital Structure
• Negative Sentiment: Valuation may limit upside: Bank of America maintained a “hold” rating, saying the strong results may already be reflected in the share price. The bank also faces potential political pressure for additional taxes on lenders. Lloyds: Solid Results but Full Valuation Keeps Risk-Reward Balanced

Lloyds Banking Group Company Profile

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.