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Lloyds Banking ( (GB:LLOY) ) has shared an update.
Lloyds Banking Group has announced the repurchase of 9,850,520 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 89.1952 pence per share and will be canceled, reflecting the company’s strategy to return value to its shareholders and optimize its capital structure.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £110.00 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 score is driven by strong earnings call results and positive technical indicators. Financial performance shows stability but highlights areas needing improvement, such as cash flow and leverage. Valuation metrics are favorable, supporting the stock’s attractiveness.
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 organization in the United Kingdom, providing a wide range of banking and financial services to individuals and businesses. The company operates primarily in the UK market, focusing on retail and commercial banking, insurance, and wealth management.
Average Trading Volume: 150,550,952
Technical Sentiment Signal: Buy
Current Market Cap: £52.57B
Learn more about LLOY stock on TipRanks’ Stock Analysis page.