Goldman Sachs Sticks to Their Buy Rating for Lloyds Banking (LLOY)
Goldman Sachs analyst Benjamin Caven-Roberts maintained a Buy rating on Lloyds Banking today and set a price target of p123.00.
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According to TipRanks, Caven-Roberts is a 4-star analyst with an average return of 28.8% and a 100.00% success rate. Caven-Roberts covers the Financial sector, focusing on stocks such as NatWest Group, Lloyds Banking, and Julius Baer Group Ltd.
In addition to Goldman Sachs, Lloyds Banking also received a Buy from Morgan Stanley’s Alvaro Serrano in a report issued yesterday. However, today, UBS 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.
Read More on GB:LLOY:
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- Lloyds Banking Group Updates £25bn Euro Medium Term Note Programme
- Lloyds Banking Group Launches £1.75bn Share Buyback to Cut Share Capital
- Balanced Risk-Reward Keeps Lloyds at Hold Despite Solid Results and Capital Returns
- Lloyds Banking Group Appoints Chris Vogelzang to Board Risk Committee
- Lloyds Banking reports FY25 EPS 7p vs. 6.3p last year
