Skip to main content

J.P. Morgan Keeps Their Hold Rating on Lloyds Banking (LLOY)

Tipranks - Wed Jan 21, 7:12AM CST

In a report released today, Sheel Shah from J.P. Morgan reiterated a Hold rating on Lloyds Banking, with a price target of p117.00.

Claim 50% Off TipRanks Premium

According to TipRanks, Shah is an analyst with an average return of -1.5% and a 50.00% success rate. Shah covers the Financial sector, focusing on stocks such as NatWest Group, Lloyds Banking, and AIB Group.

In addition to J.P. Morgan, Lloyds Banking also received a Hold from TipRanks – Anthropic’s Anthropic Financial GB in a report issued today. However, on January 7, Barclays 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 119 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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.