Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lloyds Banking ( (GB:LLOY) ) has provided an announcement.
Lloyds Banking Group PLC announced the purchase of 13,439,127 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 87.4400 to 88.9600 pence per share, with a volume-weighted average price of 88.2469 pence. This move is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, which could potentially improve earnings per share and return on equity.
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 prominent financial services group based in the United Kingdom, primarily engaged in providing a wide range of banking and financial services to individual and business customers. The company operates through various brands, including Lloyds Bank, Halifax, and Bank of Scotland, focusing on retail and commercial banking services.
Average Trading Volume: 144,985,251
Technical Sentiment Signal: Buy
Current Market Cap: £52.75B
For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.