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Rightmove ( (GB:RMV) ) just unveiled an update.
Rightmove plc announced the purchase of 300,000 of its ordinary shares as part of its ongoing share buy-back programme, with the shares being acquired at an average price of 532.147p each. This transaction represents 0.0392% of the voting rights of the total ordinary shares and is part of a long-term strategy initiated in 2007, aimed at enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £631.00 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 earnings call sentiment are offset by bearish technical indicators and moderate valuation metrics. The ongoing share buyback program supports shareholder value, but market momentum remains a concern.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily providing online property search services. The company focuses on offering a platform for property listings, enabling users to search for residential and commercial properties for sale or rent in the UK.
Average Trading Volume: 3,926,701
Technical Sentiment Signal: Sell
Current Market Cap: £4.12B
Learn more about RMV stock on TipRanks’ Stock Analysis page.