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The latest update is out from Foxtons ( (GB:FOXT) ).
Foxtons Group PLC announced the purchase and cancellation of 110,000 of its Ordinary Shares as part of its share buyback programme. This move is expected to reduce the number of shares in circulation, potentially increasing shareholder value and impacting the company’s market positioning by signaling confidence in its financial stability.
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. The company is known for its property sales, lettings, and mortgage broking services, mainly targeting the London market.
Average Trading Volume: 684,652
Technical Sentiment Signal: Sell
Current Market Cap: £170.4M
See more data about FOXT stock on TipRanks’ Stock Analysis page.