James Latham Employee Trust Increases Stake to Support Share Schemes

James Latham ( (GB:LTHM) ) has issued an update.

James Latham has disclosed that the trustees of its Employee Benefits Trust have purchased 20,000 ordinary shares over two days at an average price of 962.30 pence, taking the trust’s holding to 66,347 shares, or 0.33 percent of total voting rights. The shares, which are currently unallocated, will be used to satisfy awards under the company’s share incentive schemes and may in future be allocated to directors, with further market purchases possible at the independent trustee’s discretion to meet ongoing scheme 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 U.K.-based distributor of timber and timber-related panel products, supplying a range of wood and sheet materials to construction and related industries. Through its long-established market presence, the company focuses on serving trade customers with specialist timber solutions and operates share incentive schemes to align employees with its performance.

Average Trading Volume: 19,553

Technical Sentiment Signal: Sell

Current Market Cap: £190.9M

For a thorough assessment of LTHM stock, go to TipRanks’ Stock Analysis page.