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The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC announced the purchase of 9,926,197 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Morgan Stanley & Co. International plc, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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 leading financial services group providing a wide range of banking and financial services, primarily focusing on retail and commercial banking in the UK market.
Average Trading Volume: 147,468,954
Technical Sentiment Signal: Buy
Current Market Cap: £54.76B
See more insights into LLOY stock on TipRanks’ Stock Analysis page.