Lloyds Banking (LLOY) Receives a Buy from Kepler Capital
Kepler Capital analyst Nicolas Payen maintained a Buy rating on Lloyds Banking on April 29 and set a price target of p120.00. The company’s shares closed yesterday at p97.05.
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Payen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and Lloyds Banking. According to TipRanks, Payen has an average return of 14.5% and a 66.24% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lloyds Banking with a p122.22 average price target, representing a 25.94% upside. In a report released yesterday, Citi also maintained a Buy rating on the stock with a £1.23 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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- Lloyds Banking price target raised to 123 GBp from 114 GBp at Citi
- Lloyds Deepens Capital Return With Ongoing £1.75bn Share Buyback
- Lloyds Banking Group Updates Voting Share Capital and Disclosure Denominator
- Lloyds Banking Group Updates EMTN Programme with FCA-Approved Supplementary Prospectus
- Lloyds Banking Group to Redeem $500 Million AT1 Contingent Convertible Notes
