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Foxtons Group (LON:FOXT) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Foxtons Group logo with Real Estate background

Key Points

  • Foxtons Group's stock price dropped below its 200-day moving average, trading as low as GBX 57.29 ($0.76), while the current trading price is GBX 58 ($0.77).
  • Deutsche Bank reissued a "buy" rating for Foxtons Group, with a price target of GBX 78 ($1.04).
  • The company reported a net margin of 4.69% and a return on equity of 5.66% for its latest earnings release.
  • Want stock alerts on Foxtons Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Foxtons Group plc (LON:FOXT - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 62.37 ($0.84) and traded as low as GBX 57.29 ($0.77). Foxtons Group shares last traded at GBX 58 ($0.78), with a volume of 1,452,510 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 78 ($1.05) price target on shares of Foxtons Group in a research report on Thursday, July 31st.

Get Our Latest Analysis on Foxtons Group

Foxtons Group Stock Performance

The business's 50-day moving average is GBX 62.65 and its 200-day moving average is GBX 62.31. The company has a market capitalization of £175.23 million, a PE ratio of 24.02, a PEG ratio of 0.83 and a beta of 1.70. The company has a debt-to-equity ratio of 44.83, a quick ratio of 0.90 and a current ratio of 0.70.

Foxtons Group (LON:FOXT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported GBX 2.70 ($0.04) earnings per share for the quarter. Foxtons Group had a net margin of 4.69% and a return on equity of 5.66%. On average, research analysts anticipate that Foxtons Group plc will post 5.4191363 earnings per share for the current year.

Foxtons Group Company Profile

(Get Free Report)

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.

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