Berenberg Bank Begins Coverage on Foxtons Group PLC (FOXT)
Equities research analysts at Berenberg Bank started coverage on shares of Foxtons Group PLC (LON:FOXT) in a report issued on Thursday. The brokerage set a “sell” rating and a GBX 50 ($0.66) price target on the stock. Berenberg Bank’s target price points to a potential downside of 24.81% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Citigroup Inc. restated a “neutral” rating and issued a GBX 95 ($1.25) price objective on shares of Foxtons Group PLC in a research report on Friday, July 28th. Peel Hunt reduced their price objective on shares of Foxtons Group PLC from GBX 80 ($1.05) to GBX 60 ($0.79) and set a “sell” rating for the company in a research report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a GBX 90 ($1.18) price objective on shares of Foxtons Group PLC in a research report on Monday, June 26th. Barclays PLC restated an “underweight” rating and issued a GBX 78 ($1.03) price objective (down previously from GBX 100.10 ($1.32)) on shares of Foxtons Group PLC in a research report on Monday, June 26th. Finally, Credit Suisse Group restated a “neutral” rating and issued a GBX 74 ($0.97) price objective on shares of Foxtons Group PLC in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 89.38 ($1.18).
Foxtons Group PLC (FOXT) opened at 66.50 on Thursday. The firm’s market cap is GBX 182.68 million. The company has a 50-day moving average price of GBX 77.20 and a 200-day moving average price of GBX 93.55. Foxtons Group PLC has a 12-month low of GBX 64.44 and a 12-month high of GBX 123.50.
Foxtons Group PLC 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.
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