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An announcement from Foxtons ( (GB:FOXT) ) is now available.
Foxtons Group PLC announced the purchase and subsequent cancellation of 60,000 of its own ordinary shares as part of its ongoing share buyback programme. This move is designed to optimize the company’s capital structure and enhance shareholder value, adjusting the total voting rights and shares in issue, which may impact shareholder calculations under regulatory guidelines.
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 offering estate agency services in the UK. The company focuses on property sales, lettings, and mortgage broking, catering to a diverse clientele in the residential property market.
Average Trading Volume: 682,886
Technical Sentiment Signal: Sell
Current Market Cap: £168.4M
Learn more about FOXT stock on TipRanks’ Stock Analysis page.