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Lloyds Banking Group Buys Back 10 Million Shares for Cancellation

Story Highlights
  • Lloyds Banking Group repurchased 10 million ordinary shares as part of its buyback.
  • The bank will cancel these shares, reducing share count and supporting shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back 10 Million Shares for Cancellation

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Lloyds Banking ( (GB:LLOY) ) has provided an announcement.

Lloyds Banking Group has repurchased 10 million of its ordinary shares on 6 February 2026 as part of its ongoing share buyback programme, at prices ranging between 106.40p and 107.25p per share, with a volume-weighted average price of 106.93p. The bank intends to cancel the repurchased shares, a move that will reduce the overall share count and can enhance earnings per share, underlining continued capital return to shareholders and confidence in the group’s financial position.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 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 Neutral.

The score is driven primarily by a strong, upgrade-supported earnings outlook and capital return plan from the latest call. This is tempered by weaker underlying financial quality signals (higher leverage and negative free cash flow in the last two years). Technically the trend is positive, but overbought indicators add near-term risk, while valuation and yield are supportive but not standout.

To see Spark’s full report on GB:LLOY stock, click here.

More about Lloyds Banking

Lloyds Banking Group is a major UK-based financial services group, focused on retail and commercial banking, as well as insurance and wealth management. It operates primarily in the UK market under well-known brands, providing a broad range of banking and financial services to personal and business customers.

Average Trading Volume: 152,207,191

Technical Sentiment Signal: Buy

Current Market Cap: £65.95B

For a thorough assessment of LLOY stock, go to TipRanks’ Stock Analysis page.

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