Foxtons Group (LON:FOXT) Shares Cross Below 200-Day Moving Average - Should You Sell?

Key Points

• Foxtons Group shares have dipped below their 200-day moving average, trading at GBX 54.80 ($0.74) while the average is GBX 59.81 ($0.80).
• Deutsche Bank has reaffirmed a "buy" rating for Foxtons Group, with a target price set at GBX 78, indicating confidence in the stock's potential recovery.
• The company reported earnings of GBX 2.70 per share and has a market cap of £163.35 million, with a high price-to-earnings ratio of 1,092.00.

Foxtons Group plc (LON:FOXT - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.81 ($0.80) and traded as low as GBX 54.60 ($0.73). Foxtons Group shares last traded at GBX 54.80 ($0.74), with a volume of 659,803 shares changing hands.

Analyst Ratings Changes

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

Foxtons Group Price Performance

The stock's 50-day simple moving average is GBX 56.72 and its 200 day simple moving average is GBX 59.81. The company has a quick ratio of 0.90, a current ratio of 0.70 and a debt-to-equity ratio of 44.83. The company has a market cap of £163.35 million, a price-to-earnings ratio of 1,092.00, a PEG ratio of 0.83 and a beta of 1.70.

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

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.

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