“We recommend buying the LLB share as, on the one hand, the bank has an outstanding balance sheet with surplus capital and, on the other, the share price is very attractive,” wrote Javier Lodeiro, the Zürcher Kantonalbank analyst responsible for monitoring the LLB share, in November 2019. He rated the LLB share “overweight”. He sees the IT migration of LLB Österreich as a short-term earnings driver.
Research Partners AG has been analysing the LLB share since mid-2016. In a report that came out in September 2019, Rainer Skierka commented on the company’s development as follows: “Our positive assessment that LLB would have a good first half was confirmed when the figures were published. The Group continued on its growth path thanks, among other things, to the acquisitions it had made in the previous year. Both Semper Constantia Privatbank in Austria and LLB Swiss Investment AG in Switzerland generated positive income contributions.” He remained cautiously optimistic for the second half of 2019, and reaffirmed the twelve-month price target of CHF 85.00 and the buy recommendation.