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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 provided an update.

Rightmove plc announced the purchase of 50,000 of its own shares as part of its ongoing share buy-back program, with the shares to be cancelled. This transaction represents a small fraction of the total voting rights and continues Rightmove’s long-term strategy to manage its share capital, potentially impacting shareholder value positively.

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 Neutral.

Rightmove’s overall stock score reflects strong financial performance and effective corporate strategies like share buy-backs enhancing shareholder value. However, high P/E ratio and recent sell ratings by analysts indicate cautious optimism. Technical indicators show moderate strength, supporting 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 online property listings and related services. The company focuses on providing a platform for property buyers, sellers, and renters in the UK market.

Average Trading Volume: 1,870,825

Technical Sentiment Signal: Buy

Current Market Cap: £6.02B

Learn more about RMV stock on TipRanks’ Stock Analysis page.

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