Lloyds Banking stock: RBC cuts target from GBp 124.00 to GBp 115.00

Published on 10/22/2026 at 18:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lloyds reports third-quarter results on October 29, 2026. Lloyds Banking stock costs EUR 1.20 on October 22, 2026, unchanged versus the Xetra close.

RBC target cut and dates

RBC Capital Markets cut its Lloyds target from GBp 124.00 to GBp 115.00 on October 16, 2026.
Lloyds reported GBP 9.7 billion of net income for the first half of 2026, up 9 percent year over year.
Lloyds Banking stock costs EUR 1.20 at Lang & Schwarz on October 22, 2026 at 7:35 p.m. CEST, unchanged versus the Xetra close of October 22, 2026.
Lloyds will publish third-quarter 2026 results on October 29, 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 (GB0008706128) saw RBC Capital Markets cut its target from GBp 124.00 to GBp 115.00 in a report dated October 16, 2026. The new target lies 14.54 percent above the GBp 100.40 price last traded on the London Stock Exchange on October 22, 2026 at 4:35 p.m. London time. At Lang & Schwarz, the stock was trading at EUR 1.20 on October 22, 2026 at 7:35 p.m. CEST, unchanged versus the Xetra close of October 22, 2026.

RBC target falls to GBp 115.00

RBC moved Lloyds from Outperform to Sector perform while citing tougher competition for UK customer deposits. Its forecast for adjusted pretax profit in fiscal year 2028 was 6 percent below consensus, according to the Yahoo Finance report dated October 20, 2026. The report said RBC viewed the deposit market as a risk to lending margins, while the valuation kept the bank from an Underperform rating.

First-half income rose 9 percent

Lloyds reported GBP 9.7 billion of net income for the first half of 2026, up 9 percent year over year. Statutory profit after tax reached GBP 3.1 billion, an increase of 23 percent, while return on tangible equity was 17.1 percent. These figures and the group's 2026 outlook were published by Lloyds Banking Group on its investor page.

GBp 83.52 to GBp 123.10 range

The London-listed stock's 52-week range was GBp 83.52 to GBp 123.10 as of October 22, 2026. Its market capitalization was GBP 57.6 billion, the price-to-earnings ratio was 12.46 and the dividend yield was 4.00 percent. The last traded London price of GBp 100.40 was 18.44 percent above the yearly low and 18.44 percent below the yearly high.

When are the next results?

Lloyds Banking Group will publish its third-quarter 2026 results on October 29, 2026, at 7:00 a.m. The company has scheduled a presentation with Chief Financial Officer William Chalmers for 9:30 a.m. that day.

Comparison with peers

Lloyds Banking: unchanged, price-to-earnings ratio 12.46, market capitalization GBP 57.6 billion.

Barclays (London Stock Exchange, GBp): down 2.33 percent, price-to-earnings ratio 8.42, market capitalization GBP 54.6 billion.

NatWest Group (London Stock Exchange, GBp): down 2.59 percent, price-to-earnings ratio 8.42, market capitalization GBP 50.0 billion.

Stock holds at EUR 1.20

Lloyds Banking was trading at EUR 1.20 at Lang & Schwarz on October 22, 2026 at 7:35 p.m. CEST, unchanged versus the Xetra close of October 22, 2026. The further course of trading is shown by the continuously updated real-time quote of Lloyds Banking stock.