The latest announcement is out from Foxtons ( (GB:FOXT) ).
Foxtons Group PLC has executed a share buyback program, purchasing 76,857 of its ordinary shares through Singer Capital Markets, with an average price of 0.564651 GBp per share. The purchased shares will be cancelled, impacting the company’s total voting rights and share structure, which may affect shareholder calculations under FCA regulations.
Spark’s Take on GB:FOXT Stock
According to Spark, TipRanks’ AI Analyst, GB:FOXT is a Outperform.
Foxtons exhibits strong financial health and strategic corporate actions, such as share buybacks, contributing positively to its overall score. Despite technical analysis indicating short-term weakness, the company’s sound financials and reasonable valuation support a favorable long-term outlook.
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. The company is known for its comprehensive property services, including sales, lettings, and mortgage broking, primarily serving the London market.
YTD Price Performance: -17.26%
Average Trading Volume: 445,322
Technical Sentiment Signal: Hold
Current Market Cap: £169.1M
For detailed information about FOXT stock, go to TipRanks’ Stock Analysis page.