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LSL Property Services ( (GB:LSL) ) has issued an update.
LSL Property Services PLC has executed a share buyback transaction, purchasing 60,000 ordinary shares at a price of 256.125 pence each on the London Stock Exchange. This transaction is part of the company’s ongoing share buyback program, which aims to manage the company’s capital structure and potentially enhance shareholder value by holding repurchased shares in treasury. Following this transaction, LSL holds 3,207,776 shares in treasury, with 101,951,174 shares remaining in issue with voting rights.
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 within the property services industry, primarily focusing on residential property services. The company offers services such as estate agency, surveying, and financial services, with a market focus on the UK real estate sector.
Average Trading Volume: 123,664
Technical Sentiment Signal: Sell
Current Market Cap: £260.3M
For detailed information about LSL stock, go to TipRanks’ Stock Analysis page.