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Lloyds Banking Group (LLOY) Stock Forecast & Price Target

Lloyds Banking Group logo
GBX 55.22 -0.20 (-0.36%)
(As of 07:02 AM ET)

Lloyds Banking Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
6
Buy
2

Based on 9 Wall Street analysts who have issued ratings for Lloyds Banking Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for LLOY.

Consensus Price Target

GBX 55.50
According to the 9 analysts' twelve-month price targets for Lloyds Banking Group, the average price target is GBX 55.50. The highest price target for LLOY is GBX 60, while the lowest price target for LLOY is GBX 50. The average price target represents a forecasted upside of 0.51% from the current price of GBX 55.22.
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LLOY Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
2 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetGBX 55.50GBX 56.33GBX 56.33GBX 58.75
Consensus Rating
Hold
Hold
Hold
Moderate Buy

LLOY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LLOY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Lloyds Banking Group Stock vs. The Competition

TypeLloyds Banking GroupFinancial Services Companies
Consensus Rating Score
2.11
2.64
Consensus RatingHoldModerate Buy
News Sentiment Rating
Neutral News

See Recent LLOY News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/24/2024Citigroup
3 of 5 stars
 Reiterated RatingNeutral
10/24/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector performGBX 60-3.41%
10/23/2024Shore Capital
1 of 5 stars
 Reiterated RatingHold
8/21/2024Berenberg Bank
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 Reiterated RatingHoldGBX 55-5.66%
7/3/2024JPMorgan Chase & Co.
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 Boost TargetUnderweightGBX 50 ➝ GBX 54-3.54%
4/19/2024Peel Hunt
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 Initiated CoverageHoldGBX 55+9.08%
2/16/2024Jefferies Financial Group
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 Reiterated RatingBuyGBX 59+38.50%
2/12/2024Keefe, Bruyette & Woods
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 UpgradeMarket PerformGBX 50+19.93%
11/28/2023Morgan Stanley
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 UpgradeOverweight
11/17/2023Barclays
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 Lower TargetOverweightGBX 67 ➝ GBX 65+50.74%
2/7/2023Credit Suisse Group
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 Reiterated RatingTop Pick
2/2/2023The Goldman Sachs Group
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 Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:24 AM ET.


Should I Buy Lloyds Banking Group Stock? LLOY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Lloyds Banking Group pros and cons to contact@marketbeat.com.

Lloyds Banking Group
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Lloyds Banking Group plc:

  • Lloyds Banking Group plc has shown a consistent track record of providing dividend payments, offering investors a steady income stream. As of today, the dividend yield is 1.78%.
  • With a market capitalization of £36.23 billion, Lloyds Banking Group plc is a significant player in the banking industry, indicating stability and potential for growth.
  • The company operates in three segments: Retail, Commercial Banking, and Insurance, Pensions, and Investments, diversifying its revenue streams and reducing risk.
  • Lloyds Banking Group plc offers a range of financial services under well-known brand names like Lloyds Bank, Halifax, and Bank of Scotland, enhancing customer trust and loyalty.
  • The stock price of Lloyds Banking Group plc has been on an upward trend, reaching GBX 58.91 ($0.79) recently, indicating positive market sentiment towards the company.

Lloyds Banking Group
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Lloyds Banking Group plc for these reasons:

  • Despite the recent stock price increase, Lloyds Banking Group plc's P/E ratio is high at 840.00, which may indicate an overvalued stock compared to industry peers.

LLOY Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Lloyds Banking Group is GBX 55.50, with a high forecast of GBX 60 and a low forecast of GBX 50.

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lloyds Banking Group in the last year. There is currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LLOY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LLOY, but not buy additional shares or sell existing shares.

According to analysts, Lloyds Banking Group's stock has a predicted upside of 0.51% based on their 12-month stock forecasts.

Lloyds Banking Group has been rated by research analysts at Citigroup, Royal Bank of Canada, and Shore Capital in the past 90 days.

Analysts like Lloyds Banking Group less than other "financial services" companies. The consensus rating for Lloyds Banking Group is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how LLOY compares to other companies.


This page (LON:LLOY) was last updated on 11/21/2024 by MarketBeat.com Staff
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