Citi Reaffirms Their Hold Rating on Lloyds Banking (LLOY)

Citi analyst Andrew Coombs maintained a Hold rating on Lloyds Banking (LLOY – Research Report) today and set a price target of £0.75. The company’s shares closed yesterday at p77.04.

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Coombs covers the Financial sector, focusing on stocks such as Standard Chartered, Barclays, and HSBC Holdings. According to TipRanks, Coombs has an average return of 17.4% and a 75.12% success rate on recommended stocks.

Lloyds Banking has an analyst consensus of Hold, with a price target consensus of p79.83.

Based on Lloyds Banking’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p4.37 billion and a net profit of p690 million. In comparison, last year the company earned a revenue of p5.31 billion and had a net profit of p1.23 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.