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Lloyds Banking ( (GB:LLOY) ) has provided an update.
Lloyds Banking Group plc has announced the redemption of its $1.5 billion 7.5% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities, with the redemption date set for September 29, 2025. This move will result in the cancellation of the notes’ listing on the Irish Stock Exchange, impacting the company’s capital structure and potentially affecting stakeholders’ interests in these securities.
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.
The overall score is influenced by the stable financial performance amidst increased leverage and cash flow challenges. Positive technical indicators and a robust earnings call further support the stock, while reasonable valuation and strategic buybacks enhance its attractiveness.
To see Spark’s full report on GB:LLOY stock, click here.
More about Lloyds Banking
Lloyds Banking Group plc is a leading financial services group in the United Kingdom, providing a wide range of banking and financial services to individual and business customers. The company operates primarily in the UK, focusing on retail and commercial banking, insurance, and wealth management.
Average Trading Volume: 130,346,954
Technical Sentiment Signal: Buy
Current Market Cap: £46.75B
For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.