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Foxtons ( (GB:FOXT) ) has shared an announcement.
Foxtons Group PLC has executed a share buyback and cancellation programme, purchasing 110,000 of its ordinary shares at a consistent price of 54 pence per share. This move will reduce the number of shares in circulation, potentially increasing shareholder value and altering the company’s total voting rights, which stakeholders can use to assess their interests in accordance with 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 in London. The company is known for its property sales, lettings, and mortgage broking services, catering to a diverse range of clients in the competitive London market.
Average Trading Volume: 667,907
Technical Sentiment Signal: Sell
Current Market Cap: £161.7M
For a thorough assessment of FOXT stock, go to TipRanks’ Stock Analysis page.