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Lloyds Banking (LLOY) Receives a Buy from Citi

Tipranks - Fri May 1, 4:12AM CDT

In a report released today, Andrew Coombs from Citi maintained a Buy rating on Lloyds Banking, with a price target of £1.23.

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According to TipRanks, Coombs is a 5-star analyst with an average return of 19.0% and a 73.42% success rate. Coombs covers the Financial sector, focusing on stocks such as Barclays, UBS Group AG, and NatWest Group.

In addition to Citi, Lloyds Banking also received a Buy from Barclays’s Aman Rakkar in a report issued today. However, on April 13, J.P. Morgan 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 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.

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