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The latest update is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC has announced the purchase of 257,096 of its ordinary shares as part of its ongoing share buyback program. These shares were acquired from Morgan Stanley & Co. International plc, with the company intending to cancel them, reflecting a strategic move to enhance shareholder value and optimize capital structure.
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 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 group providing a wide range of banking and financial services focused on personal and commercial customers in the UK. The company operates primarily in the retail and commercial banking sectors, offering products such as current accounts, savings, mortgages, and loans.
Average Trading Volume: 151,142,806
Technical Sentiment Signal: Buy
Current Market Cap: £55.17B
See more insights into LLOY stock on TipRanks’ Stock Analysis page.