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The latest announcement is out from Foxtons ( (GB:FOXT) ).
Foxtons Group PLC has executed a share buyback and cancellation programme, purchasing 64,000 of its Ordinary Shares at a price of £0.54 each. This move is part of their strategy to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, which may impact the company’s total voting rights and shareholder interests.
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 property sales, lettings, and mortgage broking services, primarily targeting the London market.
Average Trading Volume: 478,257
Technical Sentiment Signal: Sell
Current Market Cap: £156.4M
Find detailed analytics on FOXT stock on TipRanks’ Stock Analysis page.