RBC Ups Price Target for Lloyds Banking Group as Estimates Jump

12:03 AM EST, 02/02/2026 (MT Newswires) -- Lloyds Banking Group (LLOY.L) received a higher price target and updated earnings estimates from RBC Capital Markets following its 2025 earnings report. With the British group reporting year-over-year increases in net interest income and profit after tax, the research firm increased the stock's price target to 1.20 pounds sterling from 1.10 pounds and kept the rating at outperform. "Our FY27 adj PBT estimate increases by 5% driven by higher other income and lower operating expenses. The other income turnout in FY26 and the growth guidance for FY26 was better than we had expected. We lower our FY26 operating expenses in line with LLOY's guidance of less than GBP9.9bn, with some of that benefit also being felt in FY27," analysts wrote.