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Foxtons ( (GB:FOXT) ) has issued an announcement.
Foxtons Group PLC has executed a share buyback and cancellation program, purchasing 200,000 of its ordinary shares at an average price of £0.537 per share. This action will reduce the number of shares in issue and adjust the total voting rights, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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. The company is known for its residential property sales and lettings in London and the surrounding areas.
Average Trading Volume: 628,291
Technical Sentiment Signal: Sell
Current Market Cap: £160.1M
For detailed information about FOXT stock, go to TipRanks’ Stock Analysis page.