Barclays Reaffirms Their Buy Rating on Lloyds Banking (LLOY)
Barclays analyst Aman Rakkar maintained a Buy rating on Lloyds Banking on February 1 and set a price target of £1.26.
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Rakkar covers the Financial sector, focusing on stocks such as HSBC Holdings, Lloyds Banking, and NatWest Group. According to TipRanks, Rakkar has an average return of 21.3% and a 77.44% success rate on recommended stocks.
In addition to Barclays, 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.
Read More on GB:LLOY:
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