Rightmove Enhances Shareholder Value with Continued Buy-Back Program

Rightmove ( (GB:RMV) ) has shared an announcement.

Rightmove plc announced the purchase of 124,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0160% of the company’s voting rights and contributes to the aggregate purchase of over 532 million shares since the program’s inception in 2007. The purchased shares will be canceled, reducing the total number of shares in issue and potentially enhancing shareholder value.

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 Outperform.

Rightmove’s strong financial health and positive technical indicators support a solid overall stock score. Corporate actions like share buy-backs enhance shareholder value. However, high valuation metrics and negative analyst sentiment present potential risks.

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 real estate agents in the UK market.

Average Trading Volume: 2,329,850

Technical Sentiment Signal: Buy

Current Market Cap: £5.9B

Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.