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Light Science Technologies Holdings plc ( (GB:LST) ) has provided an update.
Light Science Technologies Holdings plc has secured two new contracts in its Passive Fire Protection division, valued at approximately £0.45 million. These contracts involve remediation projects for a hotel and a school in Manchester and Birmingham, respectively, with potential for expansion across additional buildings in the clients’ portfolios. This development highlights the company’s ability to provide cost-effective solutions in response to legislative demands for building safety. The recent reforms in Building Safety Regulation are expected to accelerate opportunities for the company, as it engages with potential and existing customers to secure further contracts, particularly for larger projects. The company’s CEO, Simon Deacon, expressed optimism about overcoming market challenges and increasing demand for their solutions.
The most recent analyst rating on (GB:LST) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Light Science Technologies Holdings plc stock, see the GB:LST Stock Forecast page.
Spark’s Take on GB:LST Stock
According to Spark, TipRanks’ AI Analyst, GB:LST is a Neutral.
The overall stock score is primarily influenced by the company’s financial performance, which shows growth in revenue and cash flow but struggles with profitability and high debt reliance. Technical analysis indicates bearish momentum, further impacting the score. The absence of valuation metrics adds uncertainty, preventing a higher score.
To see Spark’s full report on GB:LST stock, click here.
More about Light Science Technologies Holdings plc
Light Science Technologies Holdings plc operates through three divisions: Passive Fire Protection (PFP), AgTech (AGT), and Contract Electronics Manufacturing (CEM). The company designs, manufactures, and installs products and solutions across various sectors, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. It focuses on addressing global challenges related to food security, climate change, and fire protection, offering innovative solutions in these growing market sectors.
Average Trading Volume: 1,136,658
Technical Sentiment Signal: Sell
For detailed information about LST stock, go to TipRanks’ Stock Analysis page.