Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc has announced the purchase of 115,000 of its own ordinary shares at an average price of 722.766p as part of its ongoing share buy-back program. This transaction represents a small fraction of the total voting rights and continues Rightmove’s strategy to enhance shareholder value, having cumulatively bought back over 535 million shares since 2007.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £8.15 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 Neutral.
Rightmove’s strong financial performance is the most significant factor, showcasing robust profitability and financial stability. However, technical analysis indicates potential bearish trends, and the valuation suggests the stock may be overvalued. These factors collectively moderate the overall stock score.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily offering an online property portal for buying, selling, and renting properties in the UK. The company focuses on providing a platform for real estate agents, landlords, and developers to list properties, and it serves as a key player in the UK’s property market.
Average Trading Volume: 1,832,366
Technical Sentiment Signal: Buy
Current Market Cap: £5.59B
See more insights into RMV stock on TipRanks’ Stock Analysis page.