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Foxtons Cancels Newly Repurchased Shares, Updates Voting Rights

Story Highlights
  • Foxtons repurchased and will cancel 50,000 shares at 42.55p under its ongoing buyback programme.
  • Share cancellation reduces voting share capital to 293.9 million, refining capital structure and disclosure thresholds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Foxtons Cancels Newly Repurchased Shares, Updates Voting Rights

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

Foxtons Group has continued its ongoing share buyback and cancellation programme by repurchasing 50,000 ordinary shares at a price of 42.55p per share through Singer Capital Markets. The company will cancel these shares, reducing the number of ordinary shares in issue to 319,274,464, of which 25,419,251 are held in treasury, resulting in total voting rights of 293,855,213.

The reduction in voting share capital may enhance earnings per share and signals Foxtons’ ongoing efforts to manage its capital structure and return value to shareholders. The updated total voting rights figure also provides a new reference point for investors assessing disclosure thresholds under the FCA’s transparency rules.

The most recent analyst rating on (GB:FOXT) stock is a Buy with a £48.00 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 services, including sales, lettings and related real estate transactions. The company operates primarily in London and the South East, serving homeowners, landlords, tenants and investors in the residential property market.

Average Trading Volume: 622,005

Technical Sentiment Signal: Sell

Current Market Cap: £129M

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

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