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Foxtons ( (GB:FOXT) ) has issued an announcement.
Foxtons Group PLC has executed a share buyback and cancellation programme, purchasing 200,000 of its ordinary shares at an average price of 0.537 GBP per share. This move reduces the total number of shares in issue and impacts the voting rights, which stakeholders can use to assess their interest in the company under regulatory guidelines.
The most recent analyst rating on (GB:FOXT) stock is a Buy with a £61.00 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 attractive with a reasonable P/E ratio and dividend yield. However, the technical analysis suggests caution due to bearish trends, which slightly offsets the positive financial and valuation aspects.
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 residential property sales and lettings in London and surrounding areas.
Average Trading Volume: 480,431
Technical Sentiment Signal: Sell
Current Market Cap: £160.3M
See more insights into FOXT stock on TipRanks’ Stock Analysis page.