Foxtons Cancels 50,000 Shares in Ongoing Buyback Programme

Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialFoxtons ( (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 an average price of 47.2p through Singer Capital Markets on 11 March 2026. The acquired shares will be cancelled, reducing the number of ordinary shares in issue to 320,039,464, with 25,527,664 held in treasury and total voting rights standing at 294,511,800. This latest transaction further concentrates Foxtons’ equity base and may enhance earnings per share, while also affecting ownership disclosure thresholds under UK transparency rules. The updated voting rights figure now serves as the reference denominator for shareholders assessing whether they must report changes in their holdings to the Financial Conduct Authority under applicable disclosure requirements. 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 GB:FOXT Stock According to Spark, TipRanks’ AI Analyst, GB: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 GB:FOXT stock, click here. More about Foxtons Foxtons Group plc is a London-focused estate agency group operating in the UK real estate sector. The company primarily provides residential sales, lettings, and related property services, serving homeowners, landlords, and tenants in one of the country’s most active and competitive housing markets. Average Trading Volume: 599,478 Technical Sentiment Signal: Sell Current Market Cap: £139.2M For an in-depth examination of FOXT stock, go to TipRanks’ Overview page.