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The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC announced the purchase of 10,746,118 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 88.5468 pence per share, with the intention to cancel them, which reflects the company’s strategy to return capital to shareholders and potentially enhance shareholder value.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £108.00 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 stock score is driven by strong earnings call performance and positive technical analysis, indicating bullish momentum. Financial performance shows stability but highlights areas needing improvement, such as cash flow and leverage. Valuation is fair, with a reasonable P/E ratio and dividend yield. The positive sentiment from the earnings call and technical indicators are the most significant factors influencing the score.
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 in the United Kingdom, providing a wide range of banking and financial services, including retail and commercial banking, insurance, and wealth management. The company primarily focuses on serving personal and business customers, aiming to help Britain prosper.
Average Trading Volume: 150,771,747
Technical Sentiment Signal: Buy
Current Market Cap: £53.89B
See more data about LLOY stock on TipRanks’ Stock Analysis page.