TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Rightmove ( (GB:RMV) ) has provided an update.
Rightmove plc announced the purchase of 200,000 of its own shares as part of its ongoing share buy-back program. This transaction represents a small fraction of the company’s total voting rights and continues a long-term strategy initiated in 2007, which has seen the company repurchase over 542 million shares. The cancellation of these shares is expected to impact the company’s share capital structure, potentially enhancing shareholder value.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £500.00 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 the most significant factors driving the score. However, bearish technical indicators and moderate valuation temper the overall outlook.
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 listings and services. It focuses on connecting property buyers, sellers, and renters with real estate agents and developers across the UK.
Average Trading Volume: 3,631,867
Technical Sentiment Signal: Sell
Current Market Cap: £4.15B
For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.