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Lloyds Banking ( (GB:LLOY) ) has shared an announcement.
Lloyds Banking Group PLC announced the purchase of 9,722,666 of its ordinary shares as part of its ongoing share buyback program, which aims to repurchase up to £1.7 billion worth of shares. This strategic move is part of the company’s efforts to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial health.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £110.00 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 score is driven by strong earnings call results and positive technical indicators. Financial performance shows stability but highlights areas needing improvement, such as cash flow and leverage. Valuation metrics are favorable, supporting the stock’s attractiveness.
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 based in the UK, primarily engaged in providing a wide range of banking and financial services. The company focuses on retail and commercial financial services, serving millions of customers with its comprehensive offerings.
Average Trading Volume: 151,787,338
Technical Sentiment Signal: Buy
Current Market Cap: £52.42B
Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.