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Foxtons ( (GB:FOXT) ) has shared an announcement.
Foxtons Group has acquired Birmingham-based lettings specialist FleetMilne, marking its first move beyond the London commuter belt and extending its footprint into the UK’s second-largest city, a market it views as offering strong long-term growth thanks to extensive redevelopment, new homes and build-to-rent schemes, and improving rail connectivity with London. The £3.2m acquisition, with up to £0.8m deferred consideration funded from existing credit facilities, brings in a high-quality, lettings-focused business where rentals represent about 95% of revenue, and is expected to be earnings accretive from 2026, deliver cost and revenue synergies via Foxtons’ operating platform, serve as a Birmingham hub for further bolt-on deals, and support the group’s medium-term target of a 20% return on investment in the city, with FleetMilne’s existing directors staying on to drive the next phase of growth under Foxtons’ ownership.
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
Founded in 1981, Foxtons Group plc is a leading London-focused estate agency and the largest lettings agency brand in the capital, managing over 32,000 tenancies. Operating across lettings, residential sales and financial services, the group serves London and surrounding high-growth commuter towns, with a strategy centred on growing non-cyclical, recurring revenues from lettings and mortgage-related financial services, supported by its technology-driven Foxtons Operating Platform and hub-and-spoke branch network.
Average Trading Volume: 490,812
Technical Sentiment Signal: Sell
Current Market Cap: £154.7M
Find detailed analytics on FOXT stock on TipRanks’ Stock Analysis page.