Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rightmove ( (GB:RMV) ) has provided an announcement.
Rightmove plc announced the purchase of 50,000 of its own shares as part of an ongoing share buy-back program, with shares bought at an average price of 806.719p. This transaction represents 0.0065% of the voting rights and continues a long-term strategy initiated in 2007, with the purchased shares set to be cancelled, potentially enhancing shareholder value.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £982.00 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.
Rightmove’s overall stock score is driven by strong financial performance and positive technical indicators. The company’s robust financial health and positive market momentum are significant strengths. However, the high P/E ratio suggests potential overvaluation, and the modest dividend yield provides limited income. The ongoing share buy-back program is a positive corporate event, but recent analyst ratings with ‘Sell’ recommendations may temper enthusiasm.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily providing online property listings and related services. The company focuses on connecting property buyers, sellers, and renters with real estate agents and developers across the UK.
Average Trading Volume: 1,841,996
Technical Sentiment Signal: Buy
Current Market Cap: £6.35B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.