Lloyds Banking Group PLC 26.7% potential upside indicated by Berenberg Bank

Lloyds Banking Group PLC with ticker (LON:LLOY) now has a potential upside of 26.7% according to Berenberg Bank.



Berenberg Bank set a target price of 58 GBX for the company, which when compared to the Lloyds Banking Group PLC share price of 46 GBX at opening today (09/05/2023) indicates a potential upside of 26.7%. Trading has ranged between 39 (52 week low) and 54 (52 week high) with an average of 146,763,357 shares exchanging hands daily. The market capitalisation at the time of writing is £30,321,832,328.

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.