Lloyds Banking Group shares are currently trading significantly below £1, with analysts forecasting potential gains to just under or slightly above £1 within the next year or so. Some expert forecasts, like from Jefferies and JP Morgan, suggest the shares could reach prices around 98p to 103p by late 2025 or 2026, implying an 18%-24% gain from current levels. However, reaching a sustained £1 per share is typically seen as a multi-year prospect, depending heavily on sustained UK economic growth, improving investor sentiment, and resolution of regulatory issues. Key points influencing Lloyds shares reaching £1:

• The share price is up over 50% in 2025, with further double-digit growth expected.
• Analysts’ 12-month price targets cluster around 93p to 103p, close to £1.
• JP Morgan raised targets to about 98p; Jefferies expects the price may surpass £1 (103p).
• A £1 share price has not been seen since 2008, and analysts expect it might come in the near to medium term, not immediately.
• Factors needed: stronger UK economy, favorable interest rate environment, resolved regulatory issues, and renewed international investor interest.
• Some expert views suggest Lloyds shares are unlikely to hit £1 in 2025 but could approach this level in the next 1-2 years, potentially trading in the 60-70p range by end of 2025 if the economy remains weak.

In summary, Lloyds shares are anticipated to approach or slightly exceed £1 within roughly the next year to two years, but reaching that milestone depends on favorable economic and market conditions, making a precise timing uncertain.