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

Key Points

• Foxtons Group's stock price has dropped below its 200-day moving average, currently trading at GBX 57.60 ($0.77), while the 200-day average is GBX 61.54 ($0.83).
• Despite this decline, Deutsche Bank has maintained a "buy" rating for Foxtons Group, setting a price target of GBX 78.
• The company reported an earnings per share (EPS) of GBX 2.70 for the last quarter, with analysts forecasting an EPS of 5.42 for the current fiscal year.

Foxtons Group plc (LON:FOXT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 61.54 ($0.83) and traded as low as GBX 55.26 ($0.75). Foxtons Group shares last traded at GBX 57.60 ($0.78), with a volume of 327,602 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 78 price target 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 presently has an average rating of "Buy" and a consensus target price of GBX 78.

Foxtons Group Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.90 and a debt-to-equity ratio of 44.83. The company's 50-day moving average price is GBX 60.56 and its two-hundred day moving average price is GBX 61.23. The company has a market cap of £172.19 million, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70.

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

About Foxtons Group

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.