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Lloyds Banking ( (GB:LLOY) ) has provided an announcement.
Lloyds Banking Group announced the purchase of 9,771,583 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 96.5735 pence and will be cancelled, which is likely to impact the company’s share capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £102.00 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 Outperform.
Lloyds Banking’s overall stock score is driven by strong earnings call performance and positive technical analysis, indicating bullish momentum. Financial performance shows stability but highlights areas needing improvement, such as cash flow and leverage. Valuation is fair, with a reasonable P/E ratio and dividend yield. The positive sentiment from the earnings call and technical indicators are the most significant factors influencing the score.
To see Spark’s full report on GB:LLOY stock, click here.
More about Lloyds Banking
Lloyds Banking Group is a major financial services company based in the UK, providing a wide range of banking and financial services to personal and commercial customers. The company is a key player in the banking industry, focusing on retail and commercial banking services.
Average Trading Volume: 154,158,855
Technical Sentiment Signal: Buy
Current Market Cap: £57B
See more insights into LLOY stock on TipRanks’ Stock Analysis page.