Kepler Capital Keeps Their Buy Rating on Lloyds Banking (LLOY)

Kepler Capital analyst Nicolas Payen maintained a Buy rating on Lloyds Banking on February 2 and set a price target of p120.00. The company’s shares closed yesterday at p111.45.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Payen covers the Financial sector, focusing on stocks such as Deutsche Bank AG, Lloyds Banking, and UBS Group AG. According to TipRanks, Payen has an average return of 18.2% and a 69.59% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lloyds Banking with a p115.42 average price target, a 3.56% upside from current levels. In a report released on February 2, TipRanks – xAI also upgraded the stock to a Buy with a p120.00 price target.

Based on Lloyds Banking’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p13.89 billion and a net profit of p1.39 billion. In comparison, last year the company earned a revenue of p14.2 billion and had a net profit of p1.21 billion

Based on the recent corporate insider activity of 119 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.