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Foxtons Executes Share Buyback Program

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Foxtons Executes Share Buyback Program

Meet Your ETF AI Analyst

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

Foxtons Group PLC has executed a share buyback program, purchasing 94,000 of its own ordinary shares at an average price of 0.533213 GBP per share. This move, in line with its previously announced buyback and cancellation program, will result in a reduction of the total number of shares in issue, affecting the company’s total voting rights and potentially impacting shareholder interests.

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 offering estate agency services focused on residential property sales and lettings in the UK market.

Average Trading Volume: 540,058

Technical Sentiment Signal: Sell

Current Market Cap: £159.7M

For a thorough assessment of FOXT stock, go to TipRanks’ Stock Analysis page.

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