Rightmove Continues Long-Running Share Buyback With New 230,000-Share Purchase

An announcement from Rightmove ( (GB:RMV) ) is now available.

Rightmove plc has repurchased 230,000 of its 0.1p ordinary shares at a volume-weighted average price of 459.031p, with the transaction executed through UBS AG London Branch. The buyback tranche, representing 0.0304% of prior voting rights, will be cancelled, reducing the number of ordinary shares in issue to 755,266,183, with a further 10,635,168 held in treasury.

The latest transaction forms part of Rightmove’s long-running share buy-back programme, under which it has now repurchased a total of 553,152,729 shares since inception in December 2007. The continued reduction in free-float supports earnings per share accretion and signals ongoing capital returns to shareholders, reinforcing the company’s shareholder-friendly distribution policy.

The most recent analyst rating on (GB:RMV) stock is a Hold with a £455.00 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 is a U.K.-listed online property portal that provides digital advertising and listing services for residential and commercial real estate. The company connects estate agents, landlords, developers and homebuyers through its web and mobile platforms, generating revenue primarily from listing fees and advertising products targeted at the U.K. housing market.

Average Trading Volume: 4,594,659

Technical Sentiment Signal: Sell

Current Market Cap: £3.29B

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