TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Foxtons ( (GB:FOXT) ) has shared an announcement.
Foxtons Group PLC has executed a share buyback program, purchasing 170,000 of its ordinary shares at an average price of £0.542307 per share. This move will result in the cancellation of the purchased shares, impacting the total voting rights and share distribution, which is a strategic step to enhance shareholder value and optimize the company’s capital structure.
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 in the UK. The company is known for its property sales and lettings services, catering to a diverse market of buyers, sellers, landlords, and tenants.
Average Trading Volume: 664,079
Technical Sentiment Signal: Sell
Current Market Cap: £162.9M
Learn more about FOXT stock on TipRanks’ Stock Analysis page.