tiprankstipranks
Trending News
More News >

Rightmove Enhances Shareholder Value with Latest Share Buy-Back

Story Highlights
Rightmove Enhances Shareholder Value with Latest Share Buy-Back

Don’t Miss TipRanks’ Half-Year Sale

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

Rightmove plc has announced the purchase of 100,000 of its own shares as part of its ongoing share buy-back program, with the shares being bought at an average price of 773.157p each. This transaction represents 0.0129% of the voting rights of the company’s total ordinary shares prior to the purchase, and the acquired 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 performance and strategic share buy-back program are key strengths, providing a solid foundation for long-term growth. However, a high valuation and moderate technical indicators suggest some caution is warranted.

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 an online property portal for buying, selling, and renting properties. It focuses on the UK market, offering a platform for estate agents, letting agents, and new home developers to advertise properties to potential buyers and renters.

Average Trading Volume: 2,323,022

Technical Sentiment Signal: Buy

Current Market Cap: £5.95B

See more data about RMV stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1