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Citi upgrades Lloyds Banking (LLOY) to a Buy

Tipranks - Fri Apr 10, 3:52PM CDT

Lloyds Banking received a Buy rating and price target from Citi analyst Andrew Coombs today.

Easter Sale - 70% Off TipRanks

Coombs covers the Financial sector, focusing on stocks such as Barclays, UBS Group AG, and Deutsche Bank AG. According to TipRanks, Coombs has an average return of 17.7% and a 70.51% success rate on recommended stocks.

In addition to Citi, Lloyds Banking also received a Buy from TipRanks – xAI’s xAi Financial GB in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Lloyds Banking (LSE: LLOY).

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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