Research on Foxtons Group Plc (FOXT:LON)  from H2 Radnor

Foxtons’ Q3 update (July to September) reads reassuringly saying that it “delivered a resilient performance against a challenging market and macroeconomic backdrop, underpinned by the Group's recurring Lettings revenues. The Group is trading in line with management's expectations and expects full-year adjusted operating profit to be within the £17m to £19m range guided in July”. We have maintained our adjusted operating profit forecasts of £17.1m in FY26, £22.3m in FY27 and £23.9m in FY28.

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