Foxtons Cancels Newly Repurchased Shares, Updates Voting Rights

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

Foxtons has continued its previously announced share buyback and cancellation programme, repurchasing 30,000 ordinary shares on 5 March 2026 through Singer Capital Markets at an average price of approximately 47.992 pence per share. The move reflects the company’s ongoing capital management strategy, using excess cash to reduce its share count and potentially enhance earnings per share and shareholder value.

Following cancellation of the repurchased shares, Foxtons will have 320,239,464 ordinary shares in issue, of which 25,527,664 are held in treasury, leaving 294,711,800 voting shares outstanding. The updated total voting rights figure provides an essential reference point for investors assessing their disclosure obligations under U.K. transparency rules and may influence institutional positioning in the stock.

The most recent analyst rating on (GB:FOXT) stock is a Buy with a £60.00 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 and strategic corporate actions, such as share buybacks, are the primary drivers of its high score. Technical indicators suggest bullish momentum, though caution is advised due to overbought signals. The valuation is attractive, supporting the stock’s potential for growth.

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

More about Foxtons

Foxtons Group plc is a U.K.-based estate agency business focused on the London residential property market, providing estate agency, lettings, and related property services. The company is listed in London and actively manages its capital structure, including through share buyback and cancellation programmes executed via market counterparties.

Average Trading Volume: 599,492

Technical Sentiment Signal: Sell

Current Market Cap: £136M

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