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Lloyds Banking (LLOY) Gets a Buy from Jefferies

Tipranks - Wed Jan 7, 1:36AM CST

In a report released today, Jonathan Pierce from Jefferies maintained a Buy rating on Lloyds Banking, with a price target of p119.00.

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According to TipRanks, Pierce is a 5-star analyst with an average return of 43.0% and a 100.00% success rate. Pierce covers the Financial sector, focusing on stocks such as Lloyds Banking, Barclays, and NatWest Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lloyds Banking with a p98.80 average price target.

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 118 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.

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