JPMorgan raises target for Lloyds Banking stock to GBp 124.00

Published on 10/07/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lloyds issued 4,522,400 shares for employee plans on October 1, 2026. Lloyds Banking stock costs EUR 1.24 on October 7, 2026 versus EUR 1.24.

Makroaufnahme von britischen Pfund-Münzen und Banknoten in scharfer Nahaufnahme — Lloyds Banking Group (GB0008706128) verwaltet Einlagen in britischer Währung, symbolisiert durch Pfund-Banknoten und Münzen, Illustration mit AI erstellt.

Lloyds Banking Group (GB0008706128) was trading at EUR 1.24 at Lang & Schwarz on October 7, 2026 at 10:04 a.m. CEST, unchanged versus the prior close of EUR 1.24. According to Markets Insider on October 1, 2026, JPMorgan analyst Sheel Shah raised the price target for Lloyds Banking from GBp 123.00 to GBp 124.00 while keeping a Neutral rating.

JPMorgan target reaches GBp 124

The new target is 18.21 percent above the LSE price of GBp 104.90 on October 7, 2026 at 9:07 a.m. BST. The comparison places the bank's latest analyst valuation above the current London quotation, while the Neutral rating limits the signal to a valuation update rather than a positive recommendation.

Share issuance adds 4.5 million shares

The Financial Times reported on October 1, 2026 that Lloyds Banking Group issued 4,522,400 ordinary shares during the period from September 1 to September 30, 2026, to satisfy employee share-plan awards. The total number of shares admitted to trading reached 57,595,621,161 at the close of business on September 30, 2026.

Half-year profit rose 23.00 percent

According to Lloyds Banking Group in its investor materials for the first half of 2026, net income reached GBP 9.7 billion, up 9.00 percent from the first half of 2025. Statutory profit after tax rose 23.00 percent to GBP 3.1 billion, return on tangible equity reached 17.10 percent, and the group reported GBP 1.9 billion of total capital return.

The same first-half update set 2026 targets of underlying net interest income above GBP 14.9 billion, a cost-to-income ratio below 50.00 percent and return on tangible equity above 16.00 percent. The board also recommended an interim dividend of GBp 1.58 per share, up 30.00 percent from the first half of 2025, alongside a planned GBP 1.0 billion buyback.

Stock holds at EUR 1.24

At Lang & Schwarz, Lloyds Banking Group was trading at EUR 1.24 on October 7, 2026 at 10:04 a.m. CEST, plus 0.00 percent versus the prior close of EUR 1.24 on October 6, 2026. On the London Stock Exchange, the share was last at GBp 104.90 on October 7, 2026 at 9:07 a.m. BST, against a 52-week range of GBp 81.82 to GBp 117.90.

The further course of trading is shown by the continuously updated real-time quote of Lloyds Banking stock.