Rightmove Continues Share Buyback, Lifts Total Repurchases to Over 556m Shares

Rightmove ( (GB:RMV) ) has issued an update.

Rightmove has continued its long-running capital return strategy by buying back 260,000 of its 0.1p ordinary shares at a volume-weighted average price of 412.096p, with the shares to be cancelled, representing 0.0346% of voting rights before the transaction. The latest purchase, executed through UBS AG London Branch, brings the total number of shares repurchased since the programme began in 2007 to 556,865,627, leaving 751,561,083 ordinary shares in issue excluding 10,627,370 held in treasury and underscoring ongoing efforts to manage capital structure and enhance shareholder value.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £4.55 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.

Spark’s Take on RMV Stock

According to Spark, TipRanks’ AI Analyst, RMV is a Outperform.

The score is driven primarily by outstanding financial performance (high margins, strong free cash flow, low leverage) and a supportive earnings outlook with continued capital returns. These positives are tempered by weak technical trends (below key longer-term moving averages with negative MACD) and only moderate valuation support (P/E ~15.9, ~2.27% yield).

To see Spark’s full report on RMV stock, click here.

More about Rightmove

Rightmove plc is a UK-based online property portal that provides digital platforms for advertising residential and commercial real estate. Its services connect estate agents, developers and private sellers with prospective buyers and renters, focusing on the UK housing market and related property data and marketing solutions.

Average Trading Volume: 4,448,712

Technical Sentiment Signal: Sell

Current Market Cap: £3.09B

For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.