LSL Property Services Completes £7m Share Buyback Programme

LSL Property Services ( (GB:LSL) ) has issued an update.

LSL Property Services has repurchased 6,035 ordinary shares at 251.75 pence each as part of its existing share buyback programme conducted through broker Shore Capital on the London Stock Exchange. Following this transaction, the company now holds 3,786,909 shares in treasury and has 101,372,041 ordinary shares in issue with voting rights, leaving total issued share capital at 105,158,950 shares. The purchase marks the completion of LSL’s £7m share buyback programme, originally announced in April 2024, a move that consolidates its capital structure and may enhance earnings per share and shareholder value by reducing the free float of its stock.

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 operates in the UK property services and estate agency sector, offering residential property-related services including estate agency, surveying, and financial services. The company is listed on the London Stock Exchange and targets the UK housing and mortgage markets through a range of brands and distribution channels.

Average Trading Volume: 159,146

Technical Sentiment Signal: Sell

Current Market Cap: £252.6M

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