Kepler Capital Keeps Their Buy Rating on Lloyds Banking (LLOY)
In a report released on January 29, Nicolas Payen from Kepler Capital maintained a Buy rating on Lloyds Banking, with a price target of p112.00. The company’s shares closed yesterday at p105.45.
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Payen covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UBS Group AG, and Barclays. According to TipRanks, Payen has an average return of 18.2% and a 69.59% success rate on recommended stocks.
In addition to Kepler Capital , Lloyds Banking also received a Buy from Goldman Sachs’s Benjamin Caven-Roberts in a report issued yesterday. However, on the same day, Citi 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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