Lloyds Banking (LLOY) Receives a Hold from Citi

Citi analyst Andrew Coombs maintained a Hold rating on Lloyds Banking today and set a price target of £0.97.

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Coombs covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Barclays. According to TipRanks, Coombs has an average return of 17.3% and a 72.97% success rate on recommended stocks.

Lloyds Banking has an analyst consensus of Moderate Buy, with a price target consensus of p97.30.

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 117 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.