TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Lloyds Banking ( (GB:LLOY) ) has provided an announcement.
Lloyds Banking Group PLC has announced the purchase of 10,840,399 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 87.5549 pence per share and will be canceled, reflecting 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 major financial services company based in the United Kingdom, primarily engaged in providing a wide range of banking and financial services to individual and business customers. The company operates in various segments including retail banking, commercial banking, and insurance, focusing on the UK market.
Average Trading Volume: 149,592,092
Technical Sentiment Signal: Buy
Current Market Cap: £51.26B
Learn more about LLOY stock on TipRanks’ Stock Analysis page.