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Shore Capital Remains a Sell on Lloyds Banking (LLOY)

Tipranks - Tipranks - Sat Apr 4, 8:50PM CDT

In a report released on April 2, from Shore Capital reiterated a Sell rating on Lloyds Banking. The company’s shares closed last Thursday at p97.94.

End of Quarter Sale - 50% Off TipRanks

Currently, the analyst consensus on Lloyds Banking is a Moderate Buy with an average price target of p117.64.

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Based on Lloyds Banking’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p4.77 billion and a net profit of p1.4 billion. In comparison, last year the company earned a revenue of p24.14 billion and had a net profit of p644 million

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LLOY in relation to earlier this year.

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