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Rightmove Continues Share Buy-Back Program with Latest Purchase

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Rightmove Continues Share Buy-Back Program with Latest Purchase

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Rightmove ( (GB:RMV) ) has issued an update.

Rightmove plc announced the purchase of 50,000 of its own ordinary shares at an average price of 808.995p per share as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0065% of the voting rights of the total ordinary shares. The purchased shares will be canceled, contributing to the company’s strategy to manage its capital structure and return value to shareholders.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £6.27 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 is the primary driver of its score, supported by positive technical momentum. However, a high valuation and consistent ‘Sell’ analyst ratings mitigate potential upside.

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 comprehensive platform for property listings, catering to both consumers and real estate professionals.

Average Trading Volume: 1,833,172

Technical Sentiment Signal: Buy

Current Market Cap: £6.09B

For an in-depth examination of RMV stock, go to TipRanks’ Overview page.

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