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An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc announced the purchase of 200,000 of its own shares as part of its ongoing share buy-back program, with the shares being acquired at an average price of 551.240p each. This transaction represents 0.0260% of the voting rights of the total ordinary shares, and the purchased shares will be canceled, impacting the company’s share capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £5.20 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 offering an online property portal for buying, selling, and renting properties in the UK. The company focuses on providing a comprehensive platform for real estate agents, landlords, and potential buyers or renters to connect and transact.
Average Trading Volume: 3,327,762
Technical Sentiment Signal: Sell
Current Market Cap: £4.21B
Learn more about RMV stock on TipRanks’ Stock Analysis page.