Shore Capital Remains a Sell on Lloyds Banking (LLOY)
In a report released yesterday, from Shore Capital reiterated a Sell rating on Lloyds Banking. The company’s shares closed yesterday at p99.69.
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Currently, the analyst consensus on Lloyds Banking is a Moderate Buy with an average price target of p122.22.
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 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
