Brokerages Set Foxtons (FOXT) PT at $79.00

Foxtons (LON:FOXT) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 79 ($1.09).

A number of equities analysts recently weighed in on the company. Peel Hunt reiterated a “sell” rating and issued a GBX 60 ($0.83) price target on shares of Foxtons in a research report on Thursday, January 25th. Credit Suisse Group decreased their price target on Foxtons from GBX 74 ($1.02) to GBX 69 ($0.95) and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Barclays decreased their price target on Foxtons from GBX 66 ($0.91) to GBX 52 ($0.72) and set an “underweight” rating for the company in a research report on Tuesday, March 20th. Citigroup reiterated a “neutral” rating and issued a GBX 80 ($1.11) price target on shares of Foxtons in a research report on Thursday, March 1st. Finally, Berenberg Bank reiterated a “sell” rating on shares of Foxtons in a research report on Friday, January 12th.

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Shares of LON:FOXT remained flat at $GBX 81.30 ($1.12) during midday trading on Thursday. Foxtons has a twelve month low of GBX 63.50 ($0.88) and a twelve month high of GBX 115.13 ($1.59).

The firm also recently disclosed a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, April 26th will be given a dividend of GBX 0.27 ($0.00) per share. The ex-dividend date of this dividend is Thursday, April 26th. This represents a yield of 0.36%.

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Foxtons Company Profile

Foxtons Group plc is a United Kingdom-based company, which operates as an estate agent. The Company and its subsidiaries are engaged in the provision of services to the residential property market in the United Kingdom. It operates through three segments: Sales, Lettings and Mortgage Broking. The Sales segment generates commission on sales of residential property.

Analyst Recommendations for Foxtons (LON:FOXT)

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