Royal Bank Of Canada Increases Lloyds Banking Group (LON:LLOY) Price Target to GBX 124

Royal Bank of Canada has increased its price target for Lloyds Banking Group (LON:LLOY) from GBX 120 to GBX 124, maintaining an "outperform" rating and implying an 8.25% upside. Other analysts also provided varying ratings, contributing to a "Moderate Buy" consensus. Lloyds reported strong quarterly EPS of GBX 4.80, a 25.91% net margin, and has recently announced a £1 billion share buyback program and plans to cut £2 billion in costs using AI.