Lloyds Banking stock: RBC cuts target to GBp 115.00 for Lloyds Banking stock

Published on 10/19/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29, 2026. Lloyds Banking stock costs EUR 1.22 at Lang & Schwarz on October 19, 2026, down 1.91 percent on the LSE.

Analyst view and trading date

On October 16, 2026, RBC cut its Lloyds target to GBp 115.00.
Lloyds Banking Group will publish third-quarter results on October 29, 2026.
Lloyds Banking stock stood at EUR 1.22 at Lang & Schwarz on October 19, 2026 at 4:07 p.m. CEST, while the LSE quote was down 1.91 percent on the day.
Market capitalization was GBP 59.0 billion as of October 19, 2026.

Aquarellmalerei der Londoner Skyline mit Themse und Tower Bridge im Hintergrund — Lloyds Banking Group (GB0008706128) hat ihren Hauptsitz im Finanzdistrikt der britischen Hauptstadt London, Illustration mit AI erstellt.

Lloyds Banking Group's target picture changed on October 16, 2026, when Royal Bank of Canada cut its target from GBp 124.00 to GBp 115.00 and downgraded the stock to Sector Perform, according to MarketBeat. Against the London quote of GBp 102.85, the new target is 11.81 percent higher. At Lang & Schwarz, Lloyds Banking stood at EUR 1.22 on October 19, 2026 at 4:07 p.m. CEST.

Results date sets the next checkpoint

Lloyds Banking Group will publish its 2026 third-quarter results on October 29, 2026, with the release scheduled for 7:00 a.m., according to the company's Lloyds Banking Group investor page. The date gives the analyst target a defined event window, while the RBC note identifies deposit competition as a pressure on lending margins.

Half-year figures provide the base

For the first half of 2026, Lloyds reported GBP 9.7 billion of net income and GBP 3.1 billion of statutory profit after tax. The figures were up 9.00 percent and 23.00 percent year over year, respectively, while return on tangible equity reached 17.10 percent, according to Lloyds Banking Group. The group also reported a 1.58 pence interim dividend per share and a GBP 1.0 billion buyback.

Price position and valuation

The London quote was GBp 102.85 on October 19, 2026 at 2:16 p.m. UTC, equivalent to 3:16 p.m. BST, down 1.91 percent from GBp 104.85. The 52-week range was GBp 82.78 to GBp 123.10, placing the quote 16.50 percent below the high and 24.25 percent above the low. Trading volume was 45,276,065 shares against an average of 148,193,458.

Lloyds had a market capitalization of GBP 59.0 billion, a price-to-earnings ratio of 12.77 and a dividend yield of 0.04 percent as of October 19, 2026. Global Banking and Finance Review identifies Lloyds as LLOY.L on the London Stock Exchange under ISIN GB0008706128.

Comparison with peers

Lloyds Banking (LSE, GBp): minus 1.91 percent, P/E 12.77, market capitalization GBP 59.0 billion
Barclays (LSE, GBp): minus 3.35 percent, P/E 8.59, market capitalization GBP 55.7 billion
NatWest Group (LSE, GBp): minus 2.67 percent, P/E 8.64, market capitalization GBP 51.3 billion

Analyst target sets the market frame

RBC's GBp 115.00 target sits above the current London quote, but the report also points to deposit competition and a weaker lending-margin outlook. The October 29 results will provide the next reported test of income growth, costs and credit performance.

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