Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC announced the purchase of over 21 million of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 75.2984 pence per share, and the company plans to cancel these shares, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £0.60 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 Group’s overall stock score reflects a balanced view of its financial performance and strategic initiatives. The strong dividend yield and share buyback program enhance shareholder value, while technical indicators show neutral momentum. The financial performance shows some challenges, but the positive guidance and corporate actions support a favorable outlook.
To see Spark’s full report on GB:LLOY stock, click here.
More about Lloyds Banking
Lloyds Banking Group PLC is a major financial services group in the United Kingdom, providing a wide range of banking and financial services, primarily focused on retail and commercial customers. The company operates through various brands, including Lloyds Bank, Halifax, and Bank of Scotland, and is a significant player in the UK banking sector.
Average Trading Volume: 146,296,672
Technical Sentiment Signal: Buy
Current Market Cap: £45.29B
See more insights into LLOY stock on TipRanks’ Stock Analysis page.