Lloyds Banking Group Buys Back and Cancels Nearly 9 Million Shares

An announcement from Lloyds Banking ( (GB:LLOY) ) is now available.

Lloyds Banking Group has repurchased 8,943,277 of its ordinary shares on 17 March 2026 as part of its ongoing share buyback programme, with prices ranging between 94.8 pence and 97.08 pence and a volume-weighted average price of 96.5224 pence. The bank intends to cancel these shares, a move that will modestly reduce its share count and can enhance earnings per share, signalling continued capital strength and a shareholder-friendly capital return strategy in the current market environment.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 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 LLOY Stock

According to Spark, TipRanks’ AI Analyst, 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 LLOY stock, click here.

More about Lloyds Banking

Lloyds Banking Group is a major U.K.-based financial services group focused on retail and commercial banking, insurance and wealth management. Through brands including Lloyds Bank, Halifax and Bank of Scotland, it provides current accounts, mortgages, consumer lending and business banking services to a broad customer base across the United Kingdom.

Average Trading Volume: 193,456,671

Technical Sentiment Signal: Buy

Current Market Cap: £55.72B

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