Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lloyds Banking ( (GB:LLOY) ) has provided an update.
Lloyds Banking Group has fully acquired Schroders Personal Wealth, previously a joint venture with Schroders Group, by exchanging its stake in Cazenove Capital. This acquisition, which involves no cash consideration, aims to enhance Lloyds’ wealth management strategy by integrating personalized advice with digital tools, targeting over 3 million mass affluent customers. The transaction is expected to have minimal financial impact on the Group’s overall financials, though it will slightly increase operating costs beyond the 2025 guidance.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £0.84 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 technical indicators and a fair valuation, despite financial performance challenges. The stock’s bullish momentum and reasonable dividend yield are positive factors, but the company’s declining profitability and cash flow issues need attention to ensure long-term stability.
To see Spark’s full report on GB:LLOY stock, click here.
More about Lloyds Banking
Lloyds Banking Group is a major financial services organization in the UK, offering a wide range of banking and financial services, including personal and commercial banking, insurance, and wealth management. The company focuses on providing comprehensive financial solutions to its customers, leveraging both traditional and digital channels.
Average Trading Volume: 147,859,931
Technical Sentiment Signal: Buy
Current Market Cap: £49.26B
Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.