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The latest update is out from Rightmove ( (GB:RMV) ).
Rightmove plc announced the purchase of 50,000 of its own shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 820.259p each. This transaction represents a small fraction of the company’s total voting rights and continues Rightmove’s long-standing strategy of share repurchases, which has seen over 533 million shares bought back since 2007, potentially enhancing shareholder value and market positioning.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £5.55 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 stock score, supported by solid cash flow and profitability metrics. Technical analysis indicates positive momentum, although with caution due to potential overbought conditions. Valuation concerns and mixed analyst sentiment from corporate events moderately impact the overall 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 that connects buyers, sellers, landlords, and tenants. The company focuses on providing a platform for property listings and real estate services in the UK market.
Average Trading Volume: 1,757,045
Technical Sentiment Signal: Buy
Current Market Cap: £6.29B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.