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Lloyds Banking ( (GB:LLOY) ) has shared an update.
Lloyds Banking Group PLC announced the purchase of 4,713,493 of its ordinary shares as part of its ongoing share buyback program. The shares, bought at an average price of 83.1413 pence, will be canceled, reflecting the company’s strategic move to enhance shareholder value and optimize its capital structure.
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 is a prominent financial services company operating in the banking industry. It provides a wide range of banking and financial services primarily focused on the UK market.
Average Trading Volume: 150,710,237
Technical Sentiment Signal: Buy
Current Market Cap: £48.67B
Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.
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