Tangible net asset value (TNAV)
Search documents
Lloyds Banking Group (NYSE:LYG) Receives "Buy" Rating from Deutsche Bank
Financial Modeling Prep· 2026-02-03 23:14
Core Viewpoint - Deutsche Bank has reaffirmed its "Buy" rating for Lloyds Banking Group, raising its price target from 110 GBp to 125 GBp, indicating strong confidence in the bank's future performance [1][6] Group 1: Financial Performance and Projections - Lloyds is projected to experience a peak growth in tangible net asset value (TNAV) and distributions of 17% in 2026, positioning it as a top performer among European banks [2][6] - The return on tangible equity for Lloyds is expected to improve significantly, driven by operational leverage and a favorable cost environment, suggesting strong future growth and profitability [3][6] Group 2: Market Position and Investor Sentiment - Currently, Lloyds' stock is priced at $6.17, reflecting a slight decrease of 0.08%, with a yearly high of $6.25 and a low of $3.02, indicating significant growth potential [4] - Lloyds has a substantial market capitalization of approximately $90.75 billion, with a trading volume of 6,649,595 shares, reflecting strong investor interest and confidence in its future performance [5]