Lloyds Bank shares on a journey to 17-year high
UK retail banks have had a great 2025 so far, and independent analyst Alistair Strang believes the good times could continue to roll. Here's why.
28th July 2025 07:41
Lloyds Banking Group (LSE:LLOY) ticked an early box on Friday promising something interesting as the situation remains of movement above 80p still targeting an initial 81.5p. It’s now the case that with share price closure above 81.5p, we can calculate 84p as possible, though far from impressive.
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The Big Picture presents the scenario of movement to 93p in the fullness of time (Lloyds hasn't traded at 90p since 2008), with an eventual 104p working out as possible sometime in the future, all being needed is the crucial closure above 81.5p.
It looks fairly obvious with our 81.5p and 84p targets that there’s certainly a chance of the share price pottering around for a while in such a zone. But overall, we already suspect a visit to 104p has already commenced.
Of course, there’s always the scenario of examining what may occur if things to go wrong for Lloyds.
Visually, we’d regard movement below 59p as risking triggering reversals, such a movement calculating with the potential of reversal to 45p with our secondary, if broken, at 42p. From glancing at the chart, there is certainly a strong suggestion of a bounce should such a level make an appearance.
Risking being gullible, with Lloyds (as with NatWest Group (LSE:NWG) and Barclays (LSE:BARC)), we’re pretty optimistic for the future.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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