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Foxtons Executes Share Buyback and Cancellation Programme

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Foxtons Executes Share Buyback and Cancellation Programme

Meet Your ETF AI Analyst

An announcement from Foxtons ( (GB:FOXT) ) is now available.

Foxtons Group PLC has executed a share buyback and cancellation programme, purchasing 264,000 Ordinary Shares at a consistent price of £0.53 per share. This move will reduce the total number of shares in issue and adjust the total voting rights, potentially impacting shareholder calculations under FCA rules.

The most recent analyst rating on (GB:FOXT) stock is a Buy with a £61.00 price target. To see the full list of analyst forecasts on Foxtons stock, see the GB:FOXT Stock Forecast page.

Spark’s Take on GB:FOXT Stock

According to Spark, TipRanks’ AI Analyst, GB:FOXT is a Outperform.

Foxtons’ strong financial performance is the primary driver of its overall score, supported by solid revenue growth and profitability. The valuation is attractive with a reasonable P/E ratio and dividend yield. However, the technical analysis suggests caution due to bearish trends, which slightly offsets the positive financial and valuation aspects.

To see Spark’s full report on GB:FOXT stock, click here.

More about Foxtons

Foxtons Group PLC operates in the real estate industry, primarily focusing on estate agency services in the UK market. The company is known for its residential property sales and lettings services, catering to a diverse clientele in the London area.

Average Trading Volume: 493,935

Technical Sentiment Signal: Sell

Current Market Cap: £154.6M

For detailed information about FOXT stock, go to TipRanks’ Stock Analysis page.

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