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Foxtons ( (GB:FOXT) ) has provided an update.
Foxtons Group PLC has executed a share buyback and cancellation program, purchasing 61,000 of its ordinary shares at a consistent price of 54.8p per share. This move is part of a broader strategy to manage its capital structure, impacting the total voting rights and shares in issue, which stakeholders can use to assess their interests in the company.
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 the UK. The company is known for its residential property sales and lettings, catering to a diverse market of property buyers, sellers, landlords, and tenants.
Average Trading Volume: 647,851
Technical Sentiment Signal: Sell
Current Market Cap: £165.7M
Learn more about FOXT stock on TipRanks’ Stock Analysis page.