Shore Capital Keeps Their Hold Rating on Lloyds Banking (LLOY)
In a report released yesterday, from Shore Capital reiterated a Hold rating on Lloyds Banking. The company’s shares closed today at p105.45.
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Currently, the analyst consensus on Lloyds Banking is a Moderate Buy with an average price target of p114.50, representing an 8.58% upside. In a report released today, Citi also maintained a Hold rating on the stock with a £1.06 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 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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