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Foxtons Reduces Share Capital with Further Buyback and Cancellation

Story Highlights
  • Foxtons repurchased 50,000 shares at 44.55p under its ongoing buyback programme.
  • Cancellation of these shares lowers free float and resets total voting rights to 293,992,205.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Foxtons Reduces Share Capital with Further Buyback and Cancellation

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Foxtons ( (GB:FOXT) ) has provided an announcement.

Foxtons Group plc has continued to execute its previously announced share buyback and cancellation programme, repurchasing 50,000 ordinary shares at a price of 44.55p per share through Singer Capital Markets on 31 March 2026. The repurchased shares will be cancelled, reducing the number of ordinary shares in issue to 319,424,464, of which 25,432,259 are held in treasury, resulting in 293,992,205 total voting rights for shareholders.

The adjustment to Foxtons’ share capital and voting rights is intended to streamline the company’s capital structure and may enhance earnings per share for remaining investors. The updated total voting rights figure also provides a new reference point for shareholders to assess and report changes in their holdings under the FCA’s disclosure and transparency requirements, reinforcing compliance with market regulations.

The most recent analyst rating on (GB:FOXT) stock is a Buy with a £53.00 price target. To see the full list of analyst forecasts on Foxtons stock, see the GB:FOXT Stock Forecast page.

Spark’s Take on FOXT Stock

According to Spark, TipRanks’ AI Analyst, FOXT is a Neutral.

The score is supported by improving fundamentals (profitability since 2022, deleveraging, positive cash generation) and attractive valuation (low P/E with a dividend). These are partially offset by weak technical momentum (below key moving averages with negative MACD) and earnings-call risks around sales underperformance, margin/cost pressure, and near-term working-capital headwinds despite positive 2026 growth guidance.

To see Spark’s full report on FOXT stock, click here.

More about Foxtons

Foxtons Group plc is a UK-based real estate agency focused on residential property services, including sales, lettings and related advisory offerings, primarily in the London market. The company operates through a network of branches and leverages its brand and market presence to serve homeowners, landlords, tenants and property investors.

Average Trading Volume: 626,172

Technical Sentiment Signal: Sell

Current Market Cap: £128.3M

See more data about FOXT stock on TipRanks’ Stock Analysis page.

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