Rightmove Cancels New Tranche of Shares in Ongoing Buy-back Programme

Rightmove ( (GB:RMV) ) has shared an update.

Rightmove plc has continued to shrink its share base under a long-running capital return plan, buying back 260,000 ordinary shares on 1 April at a volume-weighted average price of 418.15p and cancelling them, equivalent to 0.0343% of pre-transaction voting rights. The move, executed via UBS AG London Branch, lifts total repurchases since the programme began in 2007 to 550.6 million shares and leaves 757.8 million shares in issue, with 10.6 million held in treasury, underscoring management’s ongoing use of buy-backs to return surplus cash and support earnings per share.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £489.00 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.

Spark’s Take on 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 operates a leading UK online property portal, connecting estate agents, developers and private sellers with homebuyers and renters through digital listings and related advertising services. The company’s platform focuses on the residential property market, monetising high traffic and data-driven tools via subscriptions and marketing products for industry professionals.

Average Trading Volume: 4,863,891

Technical Sentiment Signal: Sell

Current Market Cap: £3.24B

For an in-depth examination of RMV stock, go to TipRanks’ Overview page.