Latest news with #Rakkar
Globe and Mail
6 days ago
- Business
- Globe and Mail
Barclays Remains a Buy on Lloyds Banking (LLOY)
Barclays analyst maintained a Buy rating on Lloyds Banking today and set a price target of £0.90. The company's shares closed yesterday at p78.04. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Rakkar is a 5-star analyst with an average return of 25.9% and an 81.56% success rate. Rakkar covers the Financial sector, focusing on stocks such as Lloyds Banking, HSBC Holdings, and Standard Chartered. In addition to Barclays, Lloyds Banking also received a Buy from TR | OpenAI – 4o's Wes Branchor in a report issued yesterday. However, on the same day, Bank of America Securities maintained a Hold rating on Lloyds Banking (LSE: LLOY). The company has a one-year high of p79.19 and a one-year low of p47.43. Currently, Lloyds Banking has an average volume of 126.2M. Based on the recent corporate insider activity of 117 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.
Yahoo
28-02-2025
- Business
- Yahoo
Lloyds Gets Big Capital Returns Prediction From Barclays Analyst
(Bloomberg) -- The fundamentals on offer at Lloyds Banking Group Plc are 'too good to ignore,' according to Barclays Plc analysts, who predict the UK bank could return almost half of its market value to shareholders by 2027. The Trump Administration Takes Aim at Transportation Research NYC's Congestion Pricing Pulls In $48.6 Million in First Month Shelters Await Billions in Federal Money for Homelessness Providers New York's Congestion Pricing Plan Faces Another Legal Showdown NYC to Shut Migrant Center in Former Hotel as Crisis Eases Analysts led by Aman Rakkar on Wednesday lifted their price target on the British lender to a level above any other tracked by Bloomberg, propelling Lloyds shares to a seven-year high and making them the best performer in the FTSE 100 Index since the start of 2025. The new objective of 90 pence implies upside of more than 30% from Tuesday's close. According to Rakkar, a sharp step-up in Lloyds' capital generation should help drive higher shareholder returns. He forecasts the dividend will keep growing and sees buybacks building to £4 billion ($5.1 billion) by 2026. That could see the bank return near to half of its £43 billion market capitalization by 2027, the analyst wrote. Rakkar also increased earnings per share estimates to about 15% above the broader consensus in the wake of last week's results, and believes Lloyds can deliver 'sector-leading fundamentals,' including around 65% EPS growth by 2027 alone. Deutsche Bank AG's Robert Noble is another analyst predicting Lloyds shareholders will receive more cash. He forecasts the capital return per share in 2027 could be almost double what was seen in 2024. Noble raised his price target by 10% to 88p on Wednesday, the second-highest on the Street. 'Very few European banks offer the same enviable combination of strong revenue growth; tangible net asset value; dividend and buyback growth that Lloyds has to offer,' Noble wrote. 'If the business plan continues to deliver then there is further substantial upside for shareholders.' --With assistance from Neil Campling. Trump's SALT Tax Promise Hinges on an Obscure Loophole Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience Walmart Wants to Be Something for Everyone in a Divided America China Learned to Embrace What the US Forgot: The Virtues of Creative Destruction Meet Seven of America's Top Personal Finance Influencers ©2025 Bloomberg L.P.
