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James Latham Reports Revenue Growth Amid Rising Timber Demand

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James Latham Reports Revenue Growth Amid Rising Timber Demand

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James Latham ( (GB:LTHM) ) has shared an announcement.

James Latham plc reported a revenue increase to £133 million for the first four months of the financial year, driven by a 5.9% rise in volumes compared to the previous year. The demand for solid timber products has been a key factor in this growth, with margins and profits aligning with market expectations, reflecting improved customer confidence and order books.

The most recent analyst rating on (GB:LTHM) stock is a Buy with a £1238.00 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.

The overall stock score is primarily influenced by a stable financial position and reasonable valuation. However, weak 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 impact the score.

To see Spark’s full report on GB:LTHM stock, click here.

More about James Latham

James Latham plc operates in the timber industry, focusing on the distribution of solid timber products. The company caters to a market that has shown increased demand and customer confidence, contributing to its growth in recent periods.

Average Trading Volume: 9,485

Technical Sentiment Signal: Strong Buy

Current Market Cap: £223.8M

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

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