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Foxtons ( (GB:FOXT) ) just unveiled an announcement.
Foxtons Group PLC has executed a share buyback transaction as part of its ongoing program, purchasing 160,000 ordinary shares at a consistent price of 54.7 pence per share. This move is set to reduce the number of shares in circulation, potentially enhancing shareholder value and adjusting the total voting rights, which may impact shareholder notifications 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 focusing on estate agency services. The company is known for its residential property sales and lettings, serving the London market and surrounding areas.
Average Trading Volume: 655,236
Technical Sentiment Signal: Sell
Current Market Cap: £163.6M
See more insights into FOXT stock on TipRanks’ Stock Analysis page.