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Rightmove ( (GB:RMV) ) has issued an announcement.
Rightmove plc has announced the purchase of 100,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 739.774p each. This transaction represents a small fraction of the company’s total voting rights and continues a long-term strategy initiated in 2007 to manage its share capital, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £824.00 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 Neutral.
Rightmove’s strong financial performance is the most significant factor, showcasing robust profitability and financial stability. However, technical analysis indicates potential bearish trends, and the valuation suggests the stock may be overvalued. These factors collectively moderate the overall stock 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 and sellers. The company focuses on providing a platform for property listings, helping users find homes and real estate services in the UK market.
Average Trading Volume: 1,805,110
Technical Sentiment Signal: Buy
Current Market Cap: £5.71B
See more insights into RMV stock on TipRanks’ Stock Analysis page.