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Lloyds Banking ( (GB:LLOY) ) just unveiled an update.
Lloyds Banking Group has outlined the status of shares previously block listed under the now-removed UK block listing regime, following recent changes to the UK Listing Rules that automatically list any future shares allotted under its share plans. The bank detailed the remaining unallotted shares across its various employee and executive incentive schemes, including the Sharesave Scheme, Share Incentive Plan, Executive Group Ownership Share Plan, Deferred Bonus Plan, and Long Term Share Plan, totaling hundreds of millions of shares that will be issued to participants in line with each plan’s terms. Lloyds said it intends to announce share allotments within 60 days of issuance and will report any future allotments under its share plans in line with its ongoing regulatory disclosure obligations, underscoring continued transparency around its equity-based compensation structures.
The most recent analyst rating on (GB:LLOY) stock is a Hold with a £107.00 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 Group’s overall score is driven by strong technical indicators and positive earnings call sentiment, indicating robust financial performance and strategic initiatives. However, challenges in financial performance, particularly in cash flow and leverage, slightly offset these positives. The valuation is fair, with a reasonable P/E ratio and attractive dividend yield.
To see Spark’s full report on GB:LLOY stock, click here.
More about Lloyds Banking
Lloyds Banking Group is a major UK-based financial services institution, operating primarily in retail and commercial banking, insurance, and wealth management. The group provides a broad range of banking and financial products to individual, business, and institutional customers, with a significant presence in the UK market through brands such as Lloyds Bank, Halifax, and Bank of Scotland.
Average Trading Volume: 149,173,869
Technical Sentiment Signal: Buy
Current Market Cap: £59.99B
For an in-depth examination of LLOY stock, go to TipRanks’ Overview page.