Foxtons has been given an  “outperform” rating by Credit Suisse – even though it has trimmed its expectations for Foxtons’ share price from 430p to 400p.

That would still be about 30% up on today’s price of 306p.

Credit Suisse analysts Eugene Klerk and Harry Goad said they expect Foxtons to double in size within four years and triple over the next ten.

They see Foxtons as “a compelling investment case on valuation grounds, structural growth and capital returns”.

They said: “Between 2014 and 2018, we believe Foxtons will double its branch network, deliver annual average earnings per share growth of circa 23%, return circa 43% of market cap to shareholders in dividends and maintain a net cash position throughout.”

Foxtons’ market capitalisation is £867m.

* Elsewhere on the stock market yesterday, Rightmove shares slumped by 113p to 2167p, a fall of 5%.

Zoopla, which had been performing strongly after its launch last month at 220p, fell 16p to 253p.