Lloyds Banking (LLOY) Gets a Buy from Barclays
In a report released today, Aman Rakkar from Barclays maintained a Buy rating on Lloyds Banking, with a price target of £1.00. The company’s shares opened today at p85.60.
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.
According to TipRanks, Rakkar is a 5-star analyst with an average return of 20.3% and a 75.95% success rate. Rakkar covers the Financial sector, focusing on stocks such as HSBC Holdings, Lloyds Banking, and NatWest Group.
In addition to Barclays, Lloyds Banking also received a Buy from RBC Capital’s Benjamin Toms in a report issued on October 23. However, today, 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.
Read More on GB:LLOY:
Disclaimer & DisclosureReport an Issue
- Lloyds Banking price target raised to 100 GBp from 98 GBp at JPMorgan
- Lloyds Banking price target raised to 100 GBp from 95 GBp at RBC Capital
- Lloyds Banking Group Enhances Share Buyback Program
- Lloyds Banking Group Advances Share Buyback Program
- Lloyds Banking Group Releases Supplementary Prospectus for £25 Billion Note Programme
