Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc has repurchased 210,000 of its 0.1p ordinary shares at a volume-weighted average price of 453.416p, with the shares acquired through UBS AG London Branch and subsequently cancelled. The buyback represents 0.0276% of the company’s voting rights before the transaction and forms part of its long-running capital return programme, under which 547,097,253 shares have been bought back since 2007.
Following the latest transaction, Rightmove has 761,274,727 ordinary shares in issue excluding treasury shares and holds 10,682,100 shares in treasury, modestly increasing earnings per share and capital efficiency for remaining investors. The continued execution of the buy-back underscores management’s confidence in the company’s cash generation and supports shareholder returns in a mature, highly cash-generative online property portal business.
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 U.K.-based online property portal that provides digital advertising and listing services for residential and commercial real estate. It connects estate agents, developers and private sellers with prospective buyers and renters, and is a leading platform in the U.K. housing market, benefiting from strong network effects and high brand recognition among property searchers.
Average Trading Volume: 4,464,139
Technical Sentiment Signal: Sell
Current Market Cap: £3.53B
See more data about RMV stock on TipRanks’ Stock Analysis page.