Lloyds Banking (LLOY) Receives a Hold from UBS

UBS analyst Jason Napier maintained a Hold rating on Lloyds Banking today and set a price target of p90.00. The company’s shares opened today at p85.60.

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According to TipRanks, Napier is a 5-star analyst with an average return of 22.3% and a 67.56% success rate. Napier covers the Financial sector, focusing on stocks such as BNP Paribas, HSBC Holdings, and Lloyds Banking.

In addition to UBS, Lloyds Banking also received a Hold from J.P. Morgan’s Sheel Shah in a report issued on October 23. However, on the same day, RBC Capital reiterated a Buy 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.