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LSL Property Services ( (GB:LSL) ) has issued an announcement.
LSL Property Services PLC announced the purchase of 30,000 ordinary shares at a price of 251 pence each as part of its ongoing share buyback program. This transaction, conducted through Shore Capital, aims to manage the company’s capital structure and potentially enhance shareholder value by holding the repurchased 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, focusing on residential property services. The company provides a range of services including estate agency, surveying, and financial services primarily in the UK market.
Average Trading Volume: 117,963
Technical Sentiment Signal: Sell
Current Market Cap: £248.7M
For an in-depth examination of LSL stock, go to TipRanks’ Overview page.