J.P. Morgan Sticks to Their Hold Rating for Lloyds Banking (LLOY)

J.P. Morgan analyst Sheel Shah reiterated a Hold rating on Lloyds Banking today and set a price target of p102.00.

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Shah covers the Financial sector, focusing on stocks such as AIB Group, Lloyds Banking, and NatWest Group. According to TipRanks, Shah has an average return of -3.1% and a 47.62% success rate on recommended stocks.

In addition to J.P. Morgan, Lloyds Banking also received a Hold from Citi’s Andrew Coombs in a report issued yesterday. However, on November 24, Morgan Stanley maintained 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 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.