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Morgan Stanley Keeps Their Buy Rating on Lloyds Banking (LLOY)

Tipranks - Fri Jan 30, 6:08AM CST

Morgan Stanley analyst Alvaro Serrano reiterated a Buy rating on Lloyds Banking today and set a price target of p120.00.

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According to TipRanks, Serrano is a 4-star analyst with an average return of 8.0% and a 56.21% success rate. Serrano covers the Financial sector, focusing on stocks such as Lloyds Banking, Bankinter, and Banco Bilbao Vizcaya Argentaria.

In addition to Morgan Stanley, Lloyds Banking also received a Buy from TipRanks – Google’s Google Financial GB in a report issued today. However, on the same day, Bank of America Securities maintained a Hold 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.

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