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LSL Property Services ( (GB:LSL) ) just unveiled an announcement.
LSL Property Services has launched a new share buyback programme of up to £12m following the completion of a previous £7m buyback, underscoring the group’s strong cash generation and capital-light operating model. The company will fund the repurchases from existing cash, positioning buybacks as a key component of shareholder returns alongside twice-yearly dividends, with shares bought back to be held in treasury, reducing voting stock and excluding those shares from dividends. Shore Capital Stockbrokers has been mandated on a non-discretionary, and in certain circumstances irrevocable, basis to manage the programme through open-market purchases until no later than 26 January 2027, operating within prescribed UK market abuse and listing rules even as LSL allows for daily buybacks that may exceed 25% of average trading volume. The move follows the repurchase of 2,610,470 shares, representing about 3% of the current share capital, under the previous programme and comes as LSL seeks renewed shareholder authority to buy back up to 10% of its issued share capital at its 2026 AGM.
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 is a leading UK business-to-business platform providing services to mortgage intermediaries, estate agent franchisees, and the wider residential property market. The group supports over 2,700 advisers, accounting for more than 11% of the UK purchase and remortgage market, and its 62 estate agency franchisees operate across 310 territories. LSL is also one of the country’s largest providers of surveying and valuation services, supplying six of the seven largest UK mortgage lenders.
Average Trading Volume: 159,146
Technical Sentiment Signal: Sell
Current Market Cap: £252.6M
For a thorough assessment of LSL stock, go to TipRanks’ Stock Analysis page.