James Latham Employee Benefit Trust Increases Shareholding to Support Incentive Schemes

James Latham ( (GB:LTHM) ) just unveiled an announcement.

James Latham has disclosed that the trustees of its Employee Benefits Trust have purchased 20,000 ordinary shares in the company at an average price of 1,048 pence, increasing the trust’s holding to 46,347 shares, or 0.23% of total voting rights. The EBT, which holds shares to satisfy awards under the company’s share incentive schemes and may in future allocate some of these shares to directors, is expected to continue market purchases at the independent trustee’s discretion to meet future employee share plan requirements.

The most recent analyst rating on (GB:LTHM) stock is a Hold with a £1134.00 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 LTHM Stock

According to Spark, TipRanks’ AI Analyst, 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 LTHM stock, click here.

More about James Latham

James Latham plc is a UK-based distributor in the timber and panel products sector, supplying a wide range of wood and related materials to construction and manufacturing customers. Through its operations, the company focuses on serving professional and industrial markets that rely on timber products for building, joinery, and interior applications.

Average Trading Volume: 17,942

Technical Sentiment Signal: Buy

Current Market Cap: £208.9M

See more insights into LTHM stock on TipRanks’ Stock Analysis page.