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LSL Property Services ( (GB:LSL) ) just unveiled an announcement.
LSL Property Services PLC has repurchased 60,000 of its ordinary shares at a price of 240.25 pence each as part of its ongoing share buyback program. This transaction, executed through Shore Capital, reflects the company’s strategic move to manage its share capital and potentially enhance shareholder value by holding these shares in treasury, affecting the total voting rights and share capital structure.
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, providing a range of services including estate agency, surveying, and financial services. The company focuses on the UK market, offering services to both residential and commercial property sectors.
Average Trading Volume: 119,039
Technical Sentiment Signal: Sell
Current Market Cap: £245M
See more insights into LSL stock on TipRanks’ Stock Analysis page.