Lloyds Banking (LLOY) Receives a Buy from Kepler Capital

In a report released on October 23, Nicolas Payen from Kepler Capital maintained a Buy rating on Lloyds Banking, with a price target of p97.00. The company’s shares closed yesterday at p85.70.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Payen covers the Financial sector, focusing on stocks such as Barclays, Deutsche Bank AG, and Lloyds Banking. According to TipRanks, Payen has an average return of 14.2% and a 66.98% success rate on recommended stocks.

In addition to Kepler Capital , Lloyds Banking also received a Buy from RBC Capital’s Benjamin Toms in a report issued on October 23. However, on October 10, UBS maintained a Hold rating on Lloyds Banking (LSE: LLOY).

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.