Barclays Lowers Foxtons Group (FOXT) Price Target to GBX 52
Foxtons Group (LON:FOXT) had its target price reduced by equities researchers at Barclays from GBX 66 ($0.91) to GBX 52 ($0.72) in a note issued to investors on Tuesday. The firm currently has an “underweight” rating on the stock. Barclays’ target price points to a potential downside of 35.72% from the company’s current price.
FOXT has been the subject of a number of other research reports. Numis Securities reaffirmed a “buy” rating and set a GBX 123 ($1.70) target price on shares of Foxtons Group in a report on Wednesday, February 28th. Berenberg Bank reaffirmed a “sell” rating on shares of Foxtons Group in a report on Friday, January 12th. Citigroup reaffirmed a “neutral” rating and set a GBX 80 ($1.11) target price on shares of Foxtons Group in a report on Thursday, March 1st. Peel Hunt reaffirmed a “sell” rating and set a GBX 60 ($0.83) target price on shares of Foxtons Group in a report on Wednesday, February 28th. Finally, Credit Suisse Group reduced their target price on Foxtons Group from GBX 74 ($1.02) to GBX 69 ($0.95) and set a “neutral” rating for the company in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 74.86 ($1.03).
Shares of Foxtons Group (FOXT) opened at GBX 80.90 ($1.12) on Tuesday. The stock has a market cap of $223.66 and a PE ratio of 4,045.00. Foxtons Group has a 52-week low of GBX 63.50 ($0.88) and a 52-week high of GBX 115.13 ($1.59).
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.
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