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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc announced the purchase of 50,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares purchased at an average price of 782.915p each. This transaction represents a small fraction of the total voting rights and continues a long-term strategy that has seen the company repurchase over 534 million shares since 2007, indicating a commitment to returning value to shareholders.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £590.00 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 technical indicators are major strengths, supporting a solid stock score. However, the high P/E ratio and recent ‘Sell’ analyst ratings temper the overall outlook, suggesting caution for potential investors.
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 property listings and related services to consumers and real estate professionals.
Average Trading Volume: 1,814,706
Technical Sentiment Signal: Buy
Current Market Cap: £6.07B
Learn more about RMV stock on TipRanks’ Stock Analysis page.