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The latest update is out from Foxtons ( (GB:FOXT) ).
Foxtons Group PLC has executed a share buyback and cancellation programme, purchasing 185,000 of its ordinary shares at a price of 55.4 pence each. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value. Following the cancellation of these shares, the total number of ordinary shares in issue will be reduced, impacting the total voting rights available to shareholders.
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 property sales, lettings, and mortgage broking services, with a significant presence in the London property market.
Average Trading Volume: 679,881
Technical Sentiment Signal: Sell
Current Market Cap: £164.8M
Find detailed analytics on FOXT stock on TipRanks’ Stock Analysis page.