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Rightmove ( (GB:RMV) ) just unveiled an update.
Rightmove plc has bought back 225,000 of its 0.1p ordinary shares at a volume-weighted average price of 435.246p, with the shares representing 0.0295% of existing voting rights and all of them set to be cancelled. The transaction, executed through UBS AG’s London branch, is part of a longstanding buy-back programme under which the company has now repurchased a cumulative 546,437,253 shares, leaving 761,934,727 ordinary shares in issue and 10,682,100 held in treasury, further concentrating equity and potentially enhancing earnings per share for remaining investors.
The latest repurchase reflects Rightmove’s continued capital-return strategy and confidence in its cash generation and market position as a dominant UK property portal. By shrinking its free-float over time, the group reinforces shareholder value through reduced share count, while maintaining compliance with UK Market Abuse Regulation in the disclosure of detailed transaction data.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £488.00 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.
Spark’s Take on GB:RMV Stock
According to Spark, TipRanks’ AI Analyst, GB:RMV is a Outperform.
The score is driven primarily by outstanding financial performance (high margins, strong free cash flow, low leverage) and a supportive earnings outlook with continued capital returns. These positives are tempered by weak technical trends (below key longer-term moving averages with negative MACD) and only moderate valuation support (P/E ~15.9, ~2.27% yield).
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc is a UK-based online property portal that provides digital advertising and listing services for residential and commercial real estate. The company operates a leading platform connecting estate agents, landlords, developers and home seekers, and plays a central role in the UK housing market’s online search and marketing infrastructure.
Average Trading Volume: 4,555,454
Technical Sentiment Signal: Sell
Current Market Cap: £3.3B
See more insights into RMV stock on TipRanks’ Stock Analysis page.