Lloyds Banking Group Cancels 32.3 Million Shares in Ongoing Buyback
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Lloyds Banking Group has repurchased 32.3 million shares as part of its ongoing buyback program, with prices between 93.92 pence and 95.30 pence. The shares will be canceled to enhance capital efficiency and return value to shareholders. The transaction was executed through Goldman Sachs International, ensuring regulatory compliance. Analysts rate Lloyds stock as a Buy with a £115.00 price target, while TipRanks’ AI Analyst gives it a Neutral score due to mixed financial signals. Lloyds is a major UK financial services group focused on retail and commercial banking.
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