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Rightmove ( (GB:RMV) ) just unveiled an announcement.
Rightmove plc announced the purchase of 200,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares being bought at an average price of 542.597p. This transaction represents 0.0261% of the voting rights of the total ordinary shares, and the purchased shares will be canceled, reflecting Rightmove’s continued strategy to manage its share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £500.00 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 strong financial performance and positive earnings call sentiment are the most significant factors driving the score. However, bearish technical indicators and moderate valuation temper the overall outlook.
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 online property listings and related services. The company focuses on providing a platform for property buyers, sellers, and real estate agents to connect and facilitate transactions.
Average Trading Volume: 3,520,135
Technical Sentiment Signal: Sell
Current Market Cap: £4.1B
Learn more about RMV stock on TipRanks’ Stock Analysis page.