Lloyds Banking Group (LYG) Stock Forecast & Price Target

$3.09

+0.10 (+3.34%)

(As of 10/4/2024 08:50 PM 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

Hold

Based on 10 Analyst Ratings

Sell
0

Hold
6

Buy
4

Based on 10 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 10 analysts, 6 have given a hold rating, and 4 have given a buy rating for LYG.

Consensus Price Target

$2.75
-11.00% Downside

According to the 10 analysts' twelve-month price targets for Lloyds Banking Group, the average price target is $2.75. The highest price target for LYG is $2.75, while the lowest price target for LYG is $2.75. The average price target represents a forecasted downside of -11.00% from the current price of $3.09.

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LYG Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$2.75	$2.75	$2.75	N/A
Forecasted Upside	-11.00% Downside	-6.14% Downside	-6.30% Downside	N/A
Consensus Rating	Hold	Hold	Moderate Buy	Reduce

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LYG 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.

LYG 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.

Lloyds Banking Group Stock vs. The Competition

Type	Lloyds Banking Group	Finance Companies	S&P 500
Consensus Rating Score	2.40	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-11.00% Downside	14.94% Upside	7.04% Upside
News Sentiment Rating	Positive News See Recent LYG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	The Goldman Sachs Group 2 of 5 stars	B. Caven-Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
9/5/2024	Kepler Capital Markets 4 of 5 stars		Initiated Coverage	Hold
8/5/2024	Citigroup 3 of 5 stars	A. Coombs Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
7/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Napier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral
7/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Toms Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
7/5/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Stebbings Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform
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5/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
4/25/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$2.75	+8.05%
3/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
11/28/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
7/3/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 75 ➝ GBX 70
6/26/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
5/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 70 ➝ GBX 69
10/19/2022	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:29 AM ET.

Should I Buy Lloyds Banking Group Stock? LYG 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 Monday, September 30, 2024. Please send any questions or comments about these Lloyds Banking Group pros and cons to contact@marketbeat.com.

Lloyds Banking Group
Bull Case

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

Lloyds Banking Group plc has shown consistent revenue growth over the past year, indicating a strong financial performance.
The company has a relatively low P/E ratio of 8.18, suggesting that the stock may be undervalued compared to its earnings potential.
With a dividend yield of 4.4%, investors can benefit from a steady income stream from Lloyds Banking Group plc.
The stock's 200-day simple moving average is $2.79, indicating a positive trend in the stock price over the long term.
Lloyds Banking Group plc has a market cap of $48.61 billion, reflecting its position as a significant player in the financial services industry.

Lloyds Banking Group
Bear Case

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

Analysts have given mixed ratings on the stock, with some downgrades from buy to neutral, indicating uncertainty in the company's future performance.
The company's debt-to-equity ratio of 1.89 may raise concerns about its financial leverage and ability to manage debt effectively.
While the stock has a 1-year high of $3.14, the current stock price may be near this peak, limiting potential short-term gains for investors.
Lloyds Banking Group plc's payout ratio of 26.32% suggests that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.
The company operates in a highly regulated industry, subject to changes in regulatory environment that could impact its operations and profitability.

LYG Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Lloyds Banking Group is $2.75, with a high forecast of $2.75 and a low forecast of $2.75.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lloyds Banking Group in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LYG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LYG, but not buy additional shares or sell existing shares.
: According to analysts, Lloyds Banking Group's stock has a predicted downside of -11.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Lloyds Banking Group's stock had 2 downgrades by analysts.
: Lloyds Banking Group has been rated by research analysts at Citigroup, Kepler Capital Markets, Royal Bank of Canada, The Goldman Sachs Group, and UBS Group in the past 90 days.
: Analysts like Lloyds Banking Group less than other "finance" companies. The consensus rating score for Lloyds Banking Group is 2.40 while the average consensus rating score for "finance" companies is 2.47. Learn more on how LYG compares to other companies.

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This page (NYSE:LYG) was last updated on 10/7/2024 by MarketBeat.com Staff

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