Foxtons Group (LON:FOXT) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Foxtons Group plc (LON:FOXT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 58.88 and traded as low as GBX 52.70. Foxtons Group shares last traded at GBX 53.90, with a volume of 1,426,173 shares.

Analyst Ratings Changes

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

Foxtons Group Trading Up 0.4%

The company has a debt-to-equity ratio of 44.83, a current ratio of 0.70 and a quick ratio of 0.90. The business has a fifty day moving average of GBX 55.11 and a 200-day moving average of GBX 58.87. The stock has a market capitalization of £159.66 million, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70.

Insider Activity at Foxtons Group

In other Foxtons Group news, insider Peter Rollings bought 772 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were acquired at an average cost of GBX 55 per share, for a total transaction of £424.60. Also, insider Nigel Rich CBE bought 100,000 shares of Foxtons Group stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average price of GBX 55 per share, with a total value of £55,000. Insiders bought a total of 150,772 shares of company stock worth $8,292,460 in the last ninety days. Corporate insiders own 9.31% of the company’s stock.

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.