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LSL Property Services Enhances Share Buyback Program

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LSL Property Services Enhances Share Buyback Program

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LSL Property Services ( (GB:LSL) ) just unveiled an update.

LSL Property Services PLC has repurchased 20,000 ordinary shares at a price of 242.43 pence each as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, reflects LSL’s strategy to manage its capital structure and potentially enhance shareholder value by holding repurchased shares in treasury, impacting the total voting rights and share capital composition.

The most recent analyst rating on (GB:LSL) stock is a Hold with a £269.00 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 Neutral.

LSL Property Services shows strong financial performance and a positive outlook from its earnings call, contributing significantly to its overall score. However, technical analysis indicates bearish momentum, which tempers the overall score. The valuation is reasonable, with a fair P/E ratio and attractive dividend yield, supporting the stock’s appeal.

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

More about LSL Property Services

LSL Property Services PLC operates in the property services industry, primarily focusing on residential property services. The company offers a range of services including estate agency, surveying, and financial services, catering to the UK market.

Average Trading Volume: 117,963

Technical Sentiment Signal: Sell

Current Market Cap: £248.7M

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

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