Citi Sticks to Their Hold Rating for Lloyds Banking (LLOY)
In a report released today, Andrew Coombs from Citi maintained a Hold rating on Lloyds Banking, with a price target of £1.06.
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Coombs covers the Financial sector, focusing on stocks such as Standard Chartered, Barclays, and Lloyds Banking. According to TipRanks, Coombs has an average return of 19.2% and a 74.45% success rate on recommended stocks.
In addition to Citi, Lloyds Banking also received a Hold from UBS’s Jason Napier in a report issued today. However, on the same day, Goldman Sachs 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.
Read More on GB:LLOY:
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- Lloyds Banking Group Confirms Updated Share Capital and Voting Rights
- 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
