Barclays Releases a Buy Rating on Lloyds Banking (LLOY)
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.
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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.
Read More on GB:LLOY:
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