LSL Property Services Buys Back 55,000 Shares, Updates Voting Rights

LSL Property Services ( (GB:LSL) ) has shared an announcement.

LSL Property Services has repurchased 55,000 ordinary shares at 249.46 pence each on the London Stock Exchange as part of its previously announced share buyback programme. The shares, acquired through its broker Shore Capital, will be held in treasury, bringing treasury holdings to 3,780,874 shares and leaving 101,378,076 ordinary shares in issue with voting rights out of a total issued share capital of 105,158,950 shares, a move that adjusts the company’s free float and provides a new reference point for shareholders monitoring their notifiable interests under UK disclosure 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-listed company operating in the residential property services sector, with activities focused around estate agency, lettings, and related property services. Its shares are traded on the London Stock Exchange, and it maintains an ongoing engagement with capital markets, including active management of its share capital structure.

Average Trading Volume: 159,082

Technical Sentiment Signal: Sell

Current Market Cap: £251.1M

Find detailed analytics on LSL stock on TipRanks’ Stock Analysis page.