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Foxtons ( (GB:FOXT) ) just unveiled an update.
Foxtons Group PLC has executed a share buyback program, purchasing 63,000 of its ordinary shares at an average price of £0.536889 per share. This move is part of a broader strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation, which may impact the company’s market positioning and voting rights distribution.
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 focusing on estate agency services. The company is known for its property sales, lettings, and mortgage broking services, predominantly serving the London market.
Average Trading Volume: 615,976
Technical Sentiment Signal: Sell
Current Market Cap: £158.5M
Learn more about FOXT stock on TipRanks’ Stock Analysis page.