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Foxtons ( (GB:FOXT) ) has issued an update.
Foxtons Group PLC has executed a share buyback and cancellation program, purchasing 160,000 of its ordinary shares at an average price of 54.5344 GBp per share. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value, impacting the total voting rights and shares in issue.
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 services in the UK market.
Average Trading Volume: 702,892
Technical Sentiment Signal: Sell
Current Market Cap: £160.8M
Find detailed analytics on FOXT stock on TipRanks’ Stock Analysis page.
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