LSL Property Services Buys Back 30,000 Shares, Updates Voting Rights

An update from LSL Property Services ( (GB:LSL) ) is now available.

LSL Property Services plc has repurchased 30,000 of its ordinary shares on the London Stock Exchange at a price of 253.5 pence per share, as part of its ongoing share buyback programme originally announced in April 2024 and conducted through its broker Shore Capital. The shares bought back will be held in treasury, bringing the company’s treasury holding to 3,670,874 shares and leaving 101,488,076 ordinary shares in issue with voting rights out of a total issued share capital of 105,158,950 shares, a move that modestly reduces the free float and may enhance earnings per share while providing updated reference figures for investors monitoring their disclosure thresholds under FCA rules.

The most recent analyst rating on (GB:LSL) stock is a Buy with a £297.00 price target. To see the full list of analyst forecasts on LSL Property Services stock, see the GB:LSL Stock Forecast page.

Spark’s Take on GB:LSL Stock

According to Spark, TipRanks’ AI Analyst, GB:LSL is a Outperform.

LSL Property Services is well-positioned with strong financial performance and strategic corporate actions. The positive earnings call and reasonable valuation further support the stock’s potential. However, technical indicators suggest caution due to overbought conditions.

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

More about LSL Property Services

LSL Property Services plc is a UK-based property services group operating primarily in the residential housing market, offering estate agency, surveying, valuation and related property services across the country, with its shares listed on the London Stock Exchange.

Average Trading Volume: 154,104

Technical Sentiment Signal: Sell

Current Market Cap: £261.2M

For detailed information about LSL stock, go to TipRanks’ Stock Analysis page.