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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.