Foxtons Cancels 50,000 Shares Under Ongoing Buyback Programme

Foxtons ( (GB:FOXT) ) has provided an announcement.

Foxtons Group plc has repurchased 50,000 ordinary shares as part of its ongoing share buyback and cancellation programme, paying an average price of £0.45905 per share through Singer Capital Markets. The shares will be cancelled, reducing the number of ordinary shares in issue to 319,574,464, with 25,432,259 held in treasury and 294,142,205 total voting rights outstanding.

The reduced share count is expected to enhance capital efficiency and may modestly increase earnings per share and voting power for remaining shareholders. The updated total voting rights figure provides a new reference point for investors assessing disclosure thresholds under UK regulatory rules, signalling Foxtons’ continued use of buybacks as a tool for shareholder returns and balance sheet management.

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 real estate agency group focused on residential sales, lettings and related property services, primarily operating in the London market. The company is listed on the London Stock Exchange and actively manages its capital structure through measures such as share buyback and cancellation programmes.

Average Trading Volume: 620,215

Technical Sentiment Signal: Sell

Current Market Cap: £135.3M

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