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Rightmove ( (GB:RMV) ) has provided an announcement.
Rightmove plc announced the purchase of 200,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 535.631p each. This transaction, representing 0.0261% of the voting rights, continues Rightmove’s strategy to manage its capital structure, potentially enhancing shareholder value and maintaining its strong market position.
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 focusing on property listings and related services. The company is known for its online platform that connects property buyers, sellers, and renters, serving as a crucial tool in the UK housing market.
Average Trading Volume: 3,631,867
Technical Sentiment Signal: Sell
Current Market Cap: £4.15B
See more insights into RMV stock on TipRanks’ Stock Analysis page.