Lloyds Banking Group PLC 10.1% potential upside indicated by Berenberg Bank

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Lloyds Banking Group PLC with ticker (LON:LLOY) now has a potential upside of 10.1% 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 52 GBX at opening today (07/03/2023) indicates a potential upside of 10.1%. Trading has ranged between 38 (52 week low) and 54 (52 week high) with an average of 153,985,790 shares exchanging hands daily. The market capitalisation at the time of writing is £34,706,649,673.

Lloyds Banking Group plc is a United Kingdom-based retail and commercial financial services provider. The Company provides a range of banking and financial services in the United Kingdom and in certain locations overseas. Its services are offered through brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. Its Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal and small business customers. Its Commercial Banking segment provides a range of products and services, such as lending, transactional banking, working capital management, risk management and debt capital markets services to small and medium enterprises (SMEs), corporates and financial institutions. Its Insurance and Wealth segment offers insurance, investment and wealth management products and services.

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