Nic Budden Sells 1,000,000 Shares of Foxtons (LON:FOXT) Stock

Foxtons (LON:FOXT) insider Nic Budden sold 1,000,000 shares of Foxtons stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of GBX 80 ($1.12), for a total value of £800,000 ($1,115,760.11).

Shares of LON:FOXT traded up GBX 1.10 ($0.02) during trading on Monday, hitting GBX 76.80 ($1.07). 186,134 shares of the company traded hands, compared to its average volume of 405,460. Foxtons has a one year low of GBX 63.50 ($0.89) and a one year high of GBX 115.13 ($1.61).

The company also recently announced a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, April 26th will be paid a dividend of GBX 0.27 ($0.00) per share. This represents a yield of 0.36%. The ex-dividend date is Thursday, April 26th.

A number of brokerages recently weighed in on FOXT. Peel Hunt reiterated a “sell” rating and issued a GBX 60 ($0.84) price target on shares of Foxtons in a research note on Wednesday, February 28th. Numis Securities reiterated a “buy” rating and issued a GBX 123 ($1.72) price target on shares of Foxtons in a research note on Wednesday, February 28th. Barclays lowered their price objective on Foxtons from GBX 66 ($0.92) to GBX 52 ($0.73) and set an “underweight” rating for the company in a report on Tuesday, March 20th. Berenberg Bank reissued a “sell” rating on shares of Foxtons in a report on Friday, January 12th. Finally, Citigroup reissued a “neutral” rating and issued a GBX 80 ($1.12) price objective on shares of Foxtons in a report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Foxtons presently has a consensus rating of “Hold” and an average price target of GBX 74.86 ($1.04).

About Foxtons

Foxtons Group plc, an estate agency, provides residential property sales and lettings services in the United Kingdom. It operates through three segments: Sales, Lettings, and Mortgage Broking. The company is involved in short letting and corporate letting; and the provision of property management services.

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