LSL Property Services (LON:LSL) Raised to Buy at Jefferies Financial Group

Key Points

• Jefferies Financial Group has upgraded LSL Property Services to a "buy" rating, increasing their target price from GBX 280 to GBX 381, indicating a potential upside of 32.29%.
• LSL Property Services reported earnings of GBX 11 per share for the last quarter, and analysts predict an annual EPS of approximately 24.14 for the current fiscal year.
• Insiders have shown confidence in the company by purchasing a total of 3,427 shares worth approximately $1,018,531 in the past three months, which indicates strong insider support.

Jefferies Financial Group upgraded shares of LSL Property Services (LON:LSL - Free Report) to a buy rating in a report issued on Thursday morning, MarketBeat reports. The firm currently has GBX 381 target price on the stock, up from their prior target price of GBX 280.

LSL Property Services Trading Down 0.4%

Shares of LSL traded down GBX 1 during trading hours on Thursday, hitting GBX 281. 11,623 shares of the stock traded hands, compared to its average volume of 78,212. LSL Property Services has a 1-year low of GBX 246.06 and a 1-year high of GBX 334. The business has a fifty day moving average of GBX 283.80 and a 200-day moving average of GBX 284.55. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 62.42. The firm has a market capitalization of £286.23 million, a PE ratio of 1,672.62, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09.

LSL Property Services (LON:LSL - Get Free Report) last released its quarterly earnings results on Wednesday, September 17th. The company reported GBX 11 EPS for the quarter. LSL Property Services had a return on equity of 13.68% and a net margin of 6.74%. Analysts expect that LSL Property Services will post 24.137931 EPS for the current year.

Insider Activity

In other news, insider Adam Castleton purchased 3,328 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of GBX 297 per share, with a total value of £9,884.16. Over the last 90 days, insiders bought 3,427 shares of company stock valued at $1,018,531. 20.42% of the stock is owned by insiders.

LSL Property Services Company Profile

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.