Kepler Capital Sticks to Their Buy Rating for Lloyds Banking (LLOY)
Kepler Capital analyst Nicolas Payen maintained a Buy rating on Lloyds Banking on October 13 and set a price target of p97.00. The company’s shares closed yesterday at p84.06.
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Payen covers the Financial sector, focusing on stocks such as Deutsche Bank AG, Barclays, and Lloyds Banking. According to TipRanks, Payen has an average return of 15.4% and a 68.90% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lloyds Banking with a p92.33 average price target, which is a 9.84% upside from current levels. In a report released on October 13, Morgan Stanley also reiterated a Buy rating on the stock with a p100.00 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 p4.49 billion and had a net profit of p1.21 billion
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is neutral on the stock.
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