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Foxtons ( (GB:FOXT) ) has provided an announcement.
Foxtons Group PLC has executed a share buyback and cancellation programme, purchasing 62,000 of its own ordinary shares at an average price of 56.2 pence per share. This action will reduce the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights.
The most recent analyst rating on (GB:FOXT) stock is a Buy with a £62.00 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 fair, offering a reasonable P/E ratio and dividend yield. However, technical indicators suggest a bearish trend, which tempers the overall score.
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. The company is known for its residential property sales and lettings, offering a range of property-related services to clients.
Average Trading Volume: 678,303
Technical Sentiment Signal: Sell
Current Market Cap: £168.1M
For a thorough assessment of FOXT stock, go to TipRanks’ Stock Analysis page.