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Foxtons Cancels Further Shares Under Ongoing Buyback Programme

Story Highlights
  • Foxtons repurchased 50,000 shares at 43.9p each under its ongoing buyback and cancellation programme.
  • After cancellation, Foxtons will have 294,042,205 voting rights, guiding shareholders’ UK disclosure calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Foxtons Cancels Further Shares Under Ongoing Buyback Programme

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Foxtons ( (GB:FOXT) ) has issued an update.

Foxtons Group plc, the London-focused estate agency and lettings group, operates a network of branches providing residential sales, lettings, and property management services to private and institutional clients. As a listed company, it regularly manages its capital structure and shareholder base through market transactions in its own shares.

Foxtons has bought back 50,000 ordinary shares at 43.9p each under its ongoing share buyback and cancellation programme, with the repurchased stock to be cancelled. Following this transaction, the company will have 319,474,464 ordinary shares in issue, of which 25,432,259 are held in treasury, leaving 294,042,205 voting rights, a figure shareholders can use to assess disclosure obligations under UK transparency 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 real estate agency group focused on residential property sales and lettings, primarily serving the London market. The company provides estate agency, property management, and related services to homeowners, landlords, tenants, and property investors, operating as a listed company on the London Stock Exchange.

Average Trading Volume: 619,220

Technical Sentiment Signal: Sell

Current Market Cap: £129.4M

For an in-depth examination of FOXT stock, go to TipRanks’ Overview page.

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