Lloyds Banking Group (LON:LLOY – Free Report) had its target price cut by Berenberg Bank from GBX 121 to GBX 117 in a research report released on Friday,Digital Look reports. They currently have a hold rating on the financial services provider’s stock.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada lowered Lloyds Banking Group to a “sector perform” rating and lowered their price objective for the company from GBX 124 to GBX 115 in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a “neutral” rating in a research note on Tuesday, September 15th. Finally, Jefferies Financial Group raised their price target on shares of Lloyds Banking Group from GBX 125 to GBX 127 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 116.
View Our Latest Stock Report on LLOY
Lloyds Banking Group Price Performance
LON:LLOY opened at GBX 93.82 on Friday. The firm has a 50-day moving average of GBX 106.65 and a two-hundred day moving average of GBX 104.51. The stock has a market cap of £53.88 billion, a P/E ratio of 11.73, a PEG ratio of 1.84 and a beta of 0.94. Lloyds Banking Group has a 1-year low of GBX 85.82 and a 1-year high of GBX 123.10.
Lloyds Banking Group (LON:LLOY – Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 13.09% and a net margin of 21.08%. As a group, equities analysts expect that Lloyds Banking Group will post 7.32 earnings per share for the current year.
Insider Activity
In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of GBX 112, for a total transaction of £9,458,555.68. Also, insider Catherine Woods bought 1,810 shares of Lloyds Banking Group stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average cost of GBX 110 per share, for a total transaction of £1,991. Company insiders own 0.15% of the company’s stock.
Key Lloyds Banking Group News
Here are the key news stories impacting Lloyds Banking Group this week:
- Positive Sentiment: Lloyds reported a 42% increase in nine-month profit before tax to approximately £6.625 billion, supported by higher income, improved fee performance and lower remediation costs. The bank also reaffirmed its full-year guidance. Lloyds Banking Group Posts Strong Q3 2026 Results and Confirms Full-Year Guidance
- Positive Sentiment: The bank cancelled 112 million shares bought back between October 26 and 30. Share cancellations reduce the outstanding share count and can support earnings per share and shareholder returns. Lloyds Banking Group Cancels 112 Million Shares After Late-October Buyback
- Positive Sentiment: Jefferies reaffirmed its Buy rating and set a GBX 127 price target, while Bank of America maintained a GBX 140 target, suggesting some analysts still see substantial upside. Jefferies Lloyds Rating
- Neutral Sentiment: Lloyds’ mortgage book expanded by £300 million, although its 17% share of mortgage completions highlights competitive pressure in the UK housing market. Lloyds Mortgage Book Grows £300 Million
- Negative Sentiment: Investors viewed the quarterly performance as mixed: profit exceeded expectations, but the outlook was described as flat, with rising costs tempering the benefit from higher rates and fee income. Lloyds Profit Beat Marred by Flat Outlook
- Negative Sentiment: Management warned that a proposed £1.5 billion bank-tax increase could hurt economic growth and reduce the competitiveness of UK lenders, creating a potential drag on future profitability. Lloyds Executive Criticises Bank Tax Increase
- Negative Sentiment: Berenberg lowered its price target from GBX 121 to GBX 117 and retained a Hold rating, reinforcing concerns about near-term earnings momentum. Berenberg Lloyds Rating
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.
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