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Lloyds Banking Group Advances Share Buyback Program

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Lloyds Banking Group Advances Share Buyback Program

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Lloyds Banking ( (GB:LLOY) ) has issued an announcement.

Lloyds Banking Group PLC has announced the purchase of 1,066,592 of its ordinary shares as part of its ongoing share buyback program. These shares were acquired from Morgan Stanley & Co. International plc and will be canceled, reflecting the company’s strategy to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (GB:LLOY) stock is a Hold with a £0.60 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.

Spark’s Take on GB:LLOY Stock

According to Spark, TipRanks’ AI Analyst, GB:LLOY is a Outperform.

Lloyds Banking Group’s score reflects strong valuation and corporate strategies, particularly via share buybacks, despite financial performance challenges. The technical indicators show moderate bullish momentum, while the earnings call provides a positive outlook, tempered by specific operational challenges.

To see Spark’s full report on GB:LLOY stock, click here.

More about Lloyds Banking

Lloyds Banking Group PLC is a major financial services group in the UK, offering a wide range of banking and financial services. The company focuses on retail and commercial financial services, including personal and business banking, insurance, and investment services.

Average Trading Volume: 127,172,182

Technical Sentiment Signal: Buy

Current Market Cap: £46.5B

For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.

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