Published On: Wed, Oct 19th, 2016

Foxtons Group (LON:FOXT) Receives Neutral Rating From Credit Suisse Analysts


Foxtons Group (LON:FOXT) had its stock rating reiterated as ‘Neutral’ in a report released by analysts at Credit Suisse.

Credit Suisse today set a target price of 100 on the company’s stock. According to the analyst this now indicates there is a potential decrease of 2.83% from Foxtons Group’s current price of 97.25.

LON:FOXT


Over the last twelve months Foxtons Group’s stock price has decreased by -54.83% from 215.29 to 97.25.

There are currently 275,724,000 shares in issue with a current share value of 97.25 giving Foxtons Group a market capitalisation of 268.14M GBp .

Foxtons Group (LON:FOXT) has a 50 day moving average of 107.36 and a 200 day moving average of 130.83. The 52 week high for the share price is 225.4 while the 52 week low for the stock is 50.

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. The Lettings segment earns fees from the letting and management of residential properties and income from interest earned on tenants’ deposits. The Mortgage Broking segment receives commission from the arrangement of mortgages and related products under contracts with financial service providers and receives administration fees from clients. The Company offers its residential property sales and lettings services through its network of approximately 60 branches. It offers independent mortgage advice and other related services through Alexander Hall. It offers corporate services, property management and other services.