Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Foxtons ( (GB:FOXT) ) has issued an update.
Foxtons Group PLC has executed a share buyback program, purchasing 62,000 ordinary shares at a price of 0.548 GBP per share. This move is part of a previously announced initiative to buy back and cancel shares, which will result in a reduction of the total voting rights and shares in issue, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:FOXT) stock is a Buy with a £62.00 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 is the primary driver of its overall score, supported by solid revenue growth and profitability. The valuation is fair, offering a reasonable P/E ratio and dividend yield. However, technical indicators suggest a bearish trend, which tempers the overall score.
To see Spark’s full report on GB:FOXT stock, click here.
More about Foxtons
Foxtons Group PLC operates in the real estate industry, primarily focusing on estate agency services in the UK. The company is known for its residential property sales and lettings, providing comprehensive real estate services to clients.
Average Trading Volume: 690,878
Technical Sentiment Signal: Sell
Current Market Cap: £162.1M
See more data about FOXT stock on TipRanks’ Stock Analysis page.