Barclays Keeps Their Buy Rating on Lloyds Banking (LLOY)

In a report released yesterday, Aman Rakkar from Barclays maintained a Buy rating on Lloyds Banking. The company’s shares closed yesterday at p98.90.

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Rakkar covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Lloyds Banking. According to TipRanks, Rakkar has an average return of 21.8% and a 77.30% success rate on recommended stocks.

Currently, the analyst consensus on Lloyds Banking is a Moderate Buy with an average price target of p99.08, a 0.18% upside from current levels. In a report released on January 6, Jefferies also maintained a Buy rating on the stock with a p119.00 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.