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Foxtons ( (GB:FOXT) ) has provided an announcement.
Foxtons Group PLC has executed a share buyback program, purchasing 30,000 of its ordinary shares at a price of 0.55 GBP each. This move is part of a broader strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation and adjusting the total voting rights.
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 primary driver of its overall score, supported by solid revenue growth and profitability. The valuation is fair, offering a reasonable P/E ratio and dividend yield. However, technical indicators suggest a bearish trend, which tempers the overall 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 residential property sales and lettings services in the UK market.
Average Trading Volume: 686,339
Technical Sentiment Signal: Sell
Current Market Cap: £162.4M
For detailed information about FOXT stock, go to TipRanks’ Stock Analysis page.