J.P. Morgan Keeps Their Hold Rating on Lloyds Banking (LLOY)

In a report released today, Sheel Shah from J.P. Morgan reiterated a Hold rating on Lloyds Banking, with a price target of p121.00.

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Shah covers the Financial sector, focusing on stocks such as NatWest Group, Bank Of Ireland Group plc, and Lloyds Banking. According to TipRanks, Shah has an average return of -2.3% and a 48.28% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lloyds Banking with a p118.70 average price target.

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 100 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.