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LSL Property Services ( (GB:LSL) ) has shared an update.
LSL Property Services PLC has announced the purchase of 60,000 ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Shore Capital Stockbrokers Limited, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares will be held in treasury, affecting the total voting rights and share capital structure of the company.
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 within the property services industry, focusing on providing a range of services related to residential property sales and lettings, financial services, and surveying. The company is listed on the London Stock Exchange and engages in activities that support the real estate market, including share buyback programs to manage its capital structure.
Average Trading Volume: 123,860
Technical Sentiment Signal: Sell
Current Market Cap: £249.3M
See more insights into LSL stock on TipRanks’ Stock Analysis page.