Foxtons Group PLC (FOXT) Research Coverage Started at Berenberg Bank
Equities researchers at Berenberg Bank began coverage on shares of Foxtons Group PLC (LON:FOXT) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “sell” rating and a GBX 50 ($0.66) price target on the stock. Berenberg Bank’s price target suggests a potential downside of 24.81% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 95 ($1.25) price target on shares of Foxtons Group PLC in a research note on Friday, July 28th. Peel Hunt decreased their price target 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 note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 90 ($1.18) price target on shares of Foxtons Group PLC in a research note on Monday, June 26th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 78 ($1.03) price target (down from GBX 100.10 ($1.32)) on shares of Foxtons Group PLC in a research note on Monday, June 26th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 74 ($0.97) price target on shares of Foxtons Group PLC in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Foxtons Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 89.38 ($1.18).
Shares of Foxtons Group PLC (FOXT) traded up 3.10% on Thursday, reaching GBX 66.50. 935,694 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 75.10 and a 200-day moving average price of GBX 93.17. The stock’s market capitalization is GBX 182.68 million. Foxtons Group PLC has a 12 month low of GBX 64.25 and a 12 month high of GBX 123.50.
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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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