Lloyds Banking stock slips as JPMorgan lifts target
Published on 09/16/2026 at 23:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lloyds Banking Group plc stock (ISIN GB0008706128) closed at GBP 1.089 on the London Stock Exchange on September 15, 2026, down 0.41 percent from the prior session. JPMorgan raised its price target to 123 GBp on September 15, 2026, while the latest market wrap put the average target near 114.6 GBp.
Target and hedge income
According to Ad-hoc-news, the shares finished the September 15, 2026 session at GBP 1.089, with the day range between GBP 1.077 and GBP 1.107 and a prior close near GBP 1.094. That leaves the stock close to the upper end of its recent trading band, and the move of 0.41 percent is small enough to keep valuation talk in the foreground.
As VZ reported on September 16, 2026, CFO William Chalmers reiterated return on tangible equity above 18 percent by 2028 and around 20 percent by 2030, together with mid-single-digit income growth and a sub-45 percent cost-to-income ratio. He also pointed to structural hedge income rising by more than GBP 1.5 billion in 2026 to GBP 7 billion.
What investors watch
For investors, the most concrete earnings bridge in that update is the hedge income path: from a Q2 yield of 2.8 percent on GBP 246 billion of the hedge to refinancing yields of about 4.6 percent to 4.7 percent. Chalmers also said each 1 percent rise in the bank levy would cost Lloyds about GBP 75 million.
Price and range
The stock ended September 15, 2026 at GBP 1.089, after trading between GBP 1.077 and GBP 1.107. The latest close was 0.41 percent lower on the day and still within that narrow range.
Lloyds Banking stock facts
- Company: Lloyds Banking Group plc
- ISIN: GB0008706128
- Ticker: LLOY
- Trading venue: London Stock Exchange
- Price (as of September 15, 2026): GBP 1.089
- Sector / Industry: Financial Services / Banks - Regional
- Index membership: FTSE 100
