Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC announced the purchase of 314,414 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought from Morgan Stanley & Co. International plc at prices ranging from 83.6600 to 84.8400 pence per share, with an average price of 84.1215 pence. This move is in line with the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and providing a positive signal to the market.
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 is a major financial services group in the United Kingdom, offering a wide range of banking and financial services, primarily focusing on retail and commercial banking. The company is a prominent player in the UK market, providing services to millions of customers.
Average Trading Volume: 147,902,446
Technical Sentiment Signal: Buy
Current Market Cap: £49.35B
Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.