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Lloyds Banking ( (GB:LLOY) ) just unveiled an announcement.
Lloyds Banking Group PLC has announced the purchase of 3,369,483 of its ordinary shares as part of its ongoing share buyback program. The shares, bought at prices ranging from 81.3000 to 81.9200 pence, will be canceled, aligning with the company’s strategy to enhance shareholder value. This move is part of a previously announced plan and reflects the company’s commitment to managing its capital efficiently.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £0.98 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’s overall stock score is driven by strong technical indicators and a fair valuation, despite financial performance challenges. The stock’s bullish momentum and reasonable dividend yield are positive factors, but the company’s declining profitability and cash flow issues need attention to ensure long-term stability.
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, primarily focusing on retail and commercial banking. The company operates under various brands, including Lloyds Bank, Halifax, and Bank of Scotland, serving millions of customers across the country.
Average Trading Volume: 132,946,977
Technical Sentiment Signal: Buy
Current Market Cap: £47.48B
See more data about LLOY stock on TipRanks’ Stock Analysis page.