Foxtons Cancels 50,000 Shares Under Ongoing Buyback Programme

Foxtons ( (GB:FOXT) ) just unveiled an update.

Foxtons has continued to execute its previously announced share buyback and cancellation programme, repurchasing 50,000 ordinary shares on 10 April 2026 at an average price of £0.426 per share through Singer Capital Markets. The repurchased shares will be cancelled, reducing the number of shares in issue and leaving 319,224,464 ordinary shares in issue, of which 24,709,175 are held in treasury, resulting in 294,515,289 total voting rights for shareholders to use in regulatory disclosure calculations.

By shrinking its free float and adjusting total voting rights, Foxtons is returning capital to shareholders and potentially enhancing earnings per share, which may support its market valuation over time. The updated voting rights figure also clarifies the denominator for investors assessing whether changes in their holdings trigger disclosure obligations under U.K. market transparency rules.

The most recent analyst rating on (GB:FOXT) stock is a Buy with a £47.00 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 U.K.-based real estate agency group focused on residential property services. The company operates primarily in London, providing estate agency, lettings, and related property services to homeowners, landlords, tenants, and investors.

Average Trading Volume: 616,768

Technical Sentiment Signal: Sell

Current Market Cap: £124.7M

See more data about FOXT stock on TipRanks’ Stock Analysis page.