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Lloyds Banking ( (GB:LLOY) ) has shared an announcement.
Lloyds Banking Group PLC has executed a share buyback transaction, purchasing over 5.4 million of its ordinary shares from Morgan Stanley & Co. International plc. This move is part of its ongoing share buyback program, with the intention to cancel the acquired shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:LLOY) stock is a Buy with a £1.05 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 prominent financial services company operating primarily in the banking sector. It offers a wide range of financial products and services, including personal and commercial banking, insurance, and wealth management, with a strong focus on the UK market.
Average Trading Volume: 151,720,899
Technical Sentiment Signal: Buy
Current Market Cap: £50.13B
See more data about LLOY stock on TipRanks’ Stock Analysis page.