Lloyds Banking (LLOY) Receives a Buy from RBC Capital

In a report released on January 30, Benjamin Toms from RBC Capital maintained a Buy rating on Lloyds Banking, with a price target of p120.00. The company’s shares closed yesterday at p108.95.

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Toms covers the Financial sector, focusing on stocks such as Close Brothers Group, HSBC Holdings, and Metro Bank. According to TipRanks, Toms has an average return of 19.8% and a 70.09% success rate on recommended stocks.

In addition to RBC Capital, Lloyds Banking also received a Buy from TipRanks – xAI’s xAi Financial GB in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated 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.