This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Barclays Releases a Buy Rating on Lloyds Banking (LLOY)

Tipranks - Tue Apr 28, 10:20PM CDT

In a report released yesterday, Aman Rakkar from Barclays assigned a Buy rating to Lloyds Banking. The company’s shares closed yesterday at p97.50.

Claim 55% Off TipRanks

According to TipRanks, Rakkar is a 5-star analyst with an average return of 20.8% and a 74.27% success rate. Rakkar covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Lloyds Banking.

Lloyds Banking has an analyst consensus of Moderate Buy, with a price target consensus of p115.41, representing a 18.37% upside. In a report released on April 14, Kepler Capital also maintained a Buy rating on the stock with a p120.00 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 106 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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.