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An update from Lloyds Banking ( (GB:LLOY) ) is now available.
Lloyds Banking Group PLC announced the purchase of 672,123 of its ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 82.8800 to 83.9200 pence, with a volume-weighted average price of 83.4405 pence. This move is part of the company’s strategy to manage its capital structure and return value to shareholders by reducing the number of shares in circulation.
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 PLC operates in the financial services industry, primarily offering banking and financial services to its customers. The company focuses on retail and commercial banking, providing a range of financial products and services to individuals and businesses.
Average Trading Volume: 149,439,366
Technical Sentiment Signal: Buy
Current Market Cap: £49B
See more data about LLOY stock on TipRanks’ Stock Analysis page.