Foxtons Continues Share Buyback, Updates Voting Rights After Latest Share Cancellation

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

Foxtons has continued to execute its previously announced share buyback and cancellation programme, repurchasing 15,000 ordinary shares at 47 pence each through Singer Capital Markets. The transaction reflects ongoing capital management aimed at optimising the company’s share structure and may support earnings per share over time by reducing the number of shares in circulation.

Following cancellation of the repurchased shares, Foxtons will have 319,874,464 ordinary shares in issue, of which 25,432,259 are held in treasury, resulting in 294,442,205 total voting rights. The updated voting rights figure provides a new reference point for investors assessing disclosure thresholds under the FCA’s transparency rules and may marginally increase existing shareholders’ proportional ownership and voting influence.

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 U.K.-listed estate agency group focused on residential property services. The company operates in the real estate sector, providing sales, lettings and related services to homeowners, landlords and tenants, primarily in London and surrounding markets.

Average Trading Volume: 616,055

Technical Sentiment Signal: Sell

Current Market Cap: £135.7M

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