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Lloyds Banking ( (GB:LLOY) ) just unveiled an update.
Lloyds Banking Group has announced the purchase of 26,446,044 of its ordinary shares as part of its ongoing share buyback program. These shares, acquired from Morgan Stanley & Co. International plc, will be canceled, a move that could potentially enhance shareholder value and reflect confidence in the company’s financial stability.
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 company in the UK, primarily offering banking and financial services. The company focuses on retail and commercial banking, insurance, and wealth management, serving a wide range of customers across the UK.
Average Trading Volume: 146,536,070
Technical Sentiment Signal: Buy
Current Market Cap: £52.45B
Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.