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An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc has announced the purchase of 300,000 of its own shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0393% of the voting rights of the company’s total ordinary shares. The acquired shares will be cancelled, reducing the total number of shares in issue, excluding treasury shares, to 763,418,110. This move is part of Rightmove’s long-term strategy to manage its capital structure and return value to shareholders.
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 connecting potential buyers and renters with property listings across the UK.
Average Trading Volume: 4,126,946
Technical Sentiment Signal: Sell
Current Market Cap: £4.06B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.