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Lloyds Banking Group Cancels 36.9 Million Shares in Ongoing Buyback

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Lloyds Banking Group Cancels 36.9 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 36,909,436 of its ordinary shares on 9 March 2026 as part of its ongoing share buyback programme, with prices ranging between 92.36p and 95.14p and a volume-weighted average price of 94.2249p. The bank plans to cancel all of these repurchased shares, a move that will reduce the overall share count and can enhance earnings per share, signalling continued capital return to shareholders and confidence in its financial position.

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 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 group focused on retail and commercial banking, insurance, and wealth management. It operates under well-known brands such as Lloyds Bank, Halifax, and Bank of Scotland, serving individuals, small businesses, and large corporates primarily in the U.K. market.

Average Trading Volume: 188,614,954

Technical Sentiment Signal: Buy

Current Market Cap: £56.13B

For an in-depth examination of LLOY stock, go to TipRanks’ Overview page.

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