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Foxtons ( (GB:FOXT) ) has shared an update.
Foxtons Group PLC has executed a share buyback program, purchasing 25,000 of its ordinary shares at a price of £0.539 each, which will subsequently be cancelled. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares.
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 offering property sales, lettings, and mortgage services. The company is focused on the London market, providing a range of services to property buyers, sellers, landlords, and tenants.
Average Trading Volume: 613,544
Technical Sentiment Signal: Sell
Current Market Cap: £158.5M
For a thorough assessment of FOXT stock, go to TipRanks’ Stock Analysis page.