Foxtons Group (LON:FOXT) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Foxtons Group plc (LON:FOXT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.27 and traded as low as GBX 56.40. Foxtons Group shares last traded at GBX 56.70, with a volume of 422,122 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 78 price target on shares of Foxtons Group in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 78.

Foxtons Group Price Performance

The company has a 50 day moving average of GBX 55.64 and a 200-day moving average of GBX 59.27. The stock has a market capitalization of £168.40 million, a P/E ratio of 11.30, a PEG ratio of 0.83 and a beta of 1.70. The company has a quick ratio of 0.90, a current ratio of 0.70 and a debt-to-equity ratio of 44.83.

Foxtons Group (LON:FOXT) last issued its earnings results on Wednesday, July 30th. The company reported GBX 2.70 earnings per share for the quarter. Foxtons Group had a return on equity of 5.66% and a net margin of 4.69%. Sell-side analysts predict that Foxtons Group plc will post 5.4191363 EPS for the current year.

Insider Buying and Selling at Foxtons Group

In other Foxtons Group news, insider Peter Rollings purchased 772 shares of the stock in a transaction dated Thursday, October 16th. The shares were bought at an average cost of GBX 55 per share, with a total value of £424.60. Also, insider Nigel Rich CBE purchased 50,000 shares of the stock in a transaction dated Friday, October 24th. The shares were acquired at an average cost of GBX 55 per share, for a total transaction of £27,500. Insiders acquired 150,772 shares of company stock worth $8,292,460 over the last ninety days. 9.20% of the stock is owned by corporate insiders.

Foxtons Group Company Profile

Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Financial Services. The Lettings segment engages in letting and management of residential properties. The Sales segment sells residential properties.