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Lloyds Banking ( (GB:LLOY) ) has provided an announcement.
Lloyds Banking Group has continued to execute its share buyback strategy, purchasing 6,345,879 ordinary shares on 12 March 2026 through Goldman Sachs International as broker. The shares were acquired at prices ranging from 94.58 pence to 97.74 pence, with a volume-weighted average price of 95.7551 pence.
These repurchases form part of the company’s previously announced buyback programme, and Lloyds intends to cancel all of the shares acquired in this transaction. The cancellations will reduce the group’s share count, which can enhance earnings per share and signal management’s confidence in the bank’s capital position and future prospects for shareholders.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £109.00 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 U.K.-based financial services institution focused on retail and commercial banking, insurance, and wealth management. The group operates under well-known brands across the United Kingdom, serving individuals, small businesses, and corporates with a wide range of banking and financial products.
Average Trading Volume: 192,288,944
Technical Sentiment Signal: Buy
Current Market Cap: £57.79B
Learn more about LLOY stock on TipRanks’ Stock Analysis page.