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James Latham ( (GB:LTHM) ) just unveiled an announcement.
James Latham plc has repurchased 166,615 of its £1 preference shares at a price of £1.30 per share, with the repurchased shares to be held in treasury. Following this transaction, the company has 423,863 preference shares in issue excluding those held in treasury, a move that modestly reshapes its capital structure and may signal management’s ongoing attention to balance sheet optimisation and shareholder capital management.
The most recent analyst rating on (GB:LTHM) stock is a Hold with a £1076.00 price target. To see the full list of analyst forecasts on James Latham stock, see the GB:LTHM Stock Forecast page.
Spark’s Take on GB:LTHM Stock
According to Spark, TipRanks’ AI Analyst, GB:LTHM is a Neutral.
James Latham’s overall stock score is primarily influenced by its strong balance sheet and reasonable valuation. However, bearish technical indicators and challenges in profitability and cash flow generation weigh down the score. The absence of earnings call data and corporate events means these factors do not contribute to the score.
To see Spark’s full report on GB:LTHM stock, click here.
More about James Latham
James Latham plc is a UK-based company operating in the timber and related materials sector, supplying timber and associated products to a range of commercial customers. The group focuses on providing wood-based panels, joinery-quality timber and other specialist materials to construction, manufacturing and related industries.
Average Trading Volume: 15,367
Technical Sentiment Signal: Sell
Current Market Cap: £191.9M
For a thorough assessment of LTHM stock, go to TipRanks’ Stock Analysis page.