Foxtons Group (LON:FOXT) Stock Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Foxtons Group shares fell below their 200-day moving average of GBX 60.13, closing at GBX 55.20, indicating a potential sell signal for investors.
• Despite the decline, Deutsche Bank has reiterated a "buy" rating for the stock, setting a price target of GBX 78.
• The company's latest quarterly earnings reported an EPS of GBX 2.70, with analysts predicting an annual EPS of approximately 5.42 for the current year.

Foxtons Group plc (LON:FOXT - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 60.13 ($0.81) and traded as low as GBX 54.60 ($0.73). Foxtons Group shares last traded at GBX 55.20 ($0.74), with a volume of 391,193 shares traded.

Analyst Upgrades and Downgrades

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

Foxtons Group Trading Up 0.1%

The business's 50 day moving average is GBX 57.67 and its two-hundred day moving average is GBX 60.13. 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 firm has a market capitalization of £165.28 million, a P/E ratio of 1,104.90, a PEG ratio of 0.83 and a beta of 1.70.

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