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Foxtons ( (GB:FOXT) ) just unveiled an update.
Foxtons Group plc has executed a share buyback and cancellation program, purchasing 60,000 of its ordinary shares at a consistent price of 56.824 pence per share. This move will reduce the total number of shares in issue and adjust the total voting rights, impacting shareholder calculations under regulatory guidelines.
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 most significant factor, supported by robust revenue growth and profitability. However, the technical analysis indicates a bearish trend, which tempers the overall score. The valuation suggests potential undervaluation, providing some upside potential. The absence of earnings call and corporate events data means these factors do not influence the 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 property sales, lettings, and mortgage broking services, targeting the residential property market.
Average Trading Volume: 683,415
Technical Sentiment Signal: Sell
Current Market Cap: £170.3M
Find detailed analytics on FOXT stock on TipRanks’ Stock Analysis page.