Foxtons Cancels 50,000 Shares as Buyback Programme Continues

An update from Foxtons ( (GB:FOXT) ) is now available.

Foxtons has continued its previously announced share buyback and cancellation programme, repurchasing 50,000 ordinary shares at an average price of 46p on 20 March 2026 through Singer Capital Markets. The repurchased shares will be cancelled, reducing the number of ordinary shares in issue to 319,724,464, with 25,432,259 held in treasury and total voting rights falling to 294,292,205.

The move further tightens Foxtons’ share capital and may enhance earnings per share and capital returns for investors, while also adjusting the denominator used by shareholders to assess disclosure thresholds under UK transparency rules. The transaction underlines the company’s ongoing capital management strategy and signals continued execution of its buyback plans within the regulatory framework of the Market Abuse Regulation and Listing Rules.

The most recent analyst rating on (GB:FOXT) stock is a Buy with a £53.00 price target. To see the full list of analyst forecasts on Foxtons stock, see the GB:FOXT Stock Forecast page.

Spark’s Take on FOXT Stock

According to Spark, TipRanks’ AI Analyst, FOXT is a Neutral.

The score is supported by improving fundamentals (profitability since 2022, deleveraging, positive cash generation) and attractive valuation (low P/E with a dividend). These are partially offset by weak technical momentum (below key moving averages with negative MACD) and earnings-call risks around sales underperformance, margin/cost pressure, and near-term working-capital headwinds despite positive 2026 growth guidance.

To see Spark’s full report on FOXT stock, click here.

More about Foxtons

Foxtons Group plc is a UK-based estate agency group focused on residential property sales, lettings and related services in London and the surrounding areas. The company operates through a network of branches and digital channels, serving homebuyers, sellers, landlords and tenants across its core metropolitan markets.

Average Trading Volume: 618,537

Technical Sentiment Signal: Sell

Current Market Cap: £135.4M

See more insights into FOXT stock on TipRanks’ Stock Analysis page.