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The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC announced the purchase of 8,744,664 of its ordinary shares from Morgan Stanley & Co. International plc as part of its ongoing share buyback program. The shares were bought at prices ranging from 83.2000 to 84.2200 pence and will be canceled, reflecting the company’s strategy to return value to shareholders and manage its capital structure effectively.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £100.00 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 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 a range of banking and financial products and services. It focuses on retail and commercial banking, serving individual customers, small and medium-sized enterprises, and large corporations.
Average Trading Volume: 150,467,191
Technical Sentiment Signal: Buy
Current Market Cap: £48.99B
For a thorough assessment of LLOY stock, go to TipRanks’ Stock Analysis page.