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LSL Property Services ( (GB:LSL) ) has provided an update.
LSL Property Services has signed its first contract to supply its proprietary Automated Valuation Model to one of the UK’s largest banking groups, marking its entry into the growing automated valuations segment, which currently accounts for about a quarter of residential valuations. The deal underscores the group’s strategy of technology-led growth in its Surveying and Valuation division, leveraging AI-enabled analytics, robotic process automation and its e.surv iQ platform to offer the UK’s only full suite of AVM, remote and physical valuation services, thereby deepening relationships with major lenders and positioning the company for increased demand and future growth in digital property risk and valuation solutions.
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 the residential property market, including surveying and valuation, mortgage intermediary support, and estate agency franchising. The group operates one of the country’s largest surveying and valuation businesses, serving six of the seven largest UK mortgage lenders with almost 500 surveyors and around 38% share of surveyor-led mortgage valuations, and it also supports over 2,600 mortgage advisers and 63 estate agency franchisees running 293 branches, representing roughly 11% of the UK purchase and remortgage market.
Average Trading Volume: 147,950
Technical Sentiment Signal: Buy
Current Market Cap: £271.6M
See more data about LSL stock on TipRanks’ Stock Analysis page.