Rightmove Cancels 260,000 Shares in Ongoing Buyback Programme

Rightmove ( (GB:RMV) ) just unveiled an announcement.

Rightmove plc has repurchased 260,000 of its 0.1p ordinary shares at a volume-weighted average price of 405.417p, with the shares acquired through UBS AG London Branch and subsequently cancelled, representing 0.0346% of voting rights prior to the transaction. Following this latest buyback, the company has acquired a total of 557,645,627 shares since launching its repurchase programme in 2007, leaving 750,781,083 ordinary shares in issue excluding treasury stock, a move that supports capital return to shareholders and marginally enhances earnings per share by reducing the free float.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £4.55 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.

Spark’s Take on RMV Stock

According to Spark, TipRanks’ AI Analyst, 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 RMV stock, click here.

More about Rightmove

Rightmove plc is a UK-based online property portal that provides digital platforms and advertising services for estate agents, letting agents, and new home developers. The company focuses on the residential property market, offering listings, data insights, and related tools that connect homebuyers, renters, and sellers with property professionals across the United Kingdom.

Average Trading Volume: 4,436,381

Technical Sentiment Signal: Sell

Current Market Cap: £3.02B

Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.