Lloyds Banking Group PLC -12.8% potential downside indicated by JP Morgan

Lloyds Banking Group PLC with ticker (LON:LLOY) now has a potential downside of -12.8% according to JP Morgan.



JP Morgan set a target price of 41 GBX for the company, which when compared to the Lloyds Banking Group PLC share price of 47 GBX at opening today (01/03/2024) indicates a potential downside of -12.8%. Trading has ranged between 39 (52 week low) and 53 (52 week high) with an average of 162,233,842 shares exchanging hands daily. The market capitalisation at the time of writing is £30,302,730,373.

Lloyds Banking Group plc is a United Kingdom-based financial services provider. The Company provides a range of banking and financial services that is focused primarily on retail and commercial customers. It operates through three segments: Retail, Commercial Banking, and Insurance, Pensions and Investments. The Retail segment offers a range of financial services products to personal customers, including current accounts, savings, mortgages, credit cards, unsecured loans, motor finance and leasing solutions. The Commercial Banking segment serves small and medium businesses, as well as corporate and institutional clients, providing lending, transactional banking, working capital management, debt financing and risk management services. The Insurance, Pensions and Investments segment offers insurance, investment and wealth management products and services. The Company’s products and services are offered through brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.