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Rightmove ( (GB:RMV) ) has shared an update.
Rightmove plc has announced the purchase of 200,000 of its own shares as part of its ongoing share buy-back program, with the shares being bought at an average price of 549.784p. This transaction represents a small fraction of the company’s total voting rights and reflects Rightmove’s continued strategy to manage its capital structure effectively, potentially enhancing shareholder value.
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 offering online property listings and related services. The company focuses on providing a platform for property buyers, sellers, and real estate professionals in the UK market.
Average Trading Volume: 3,549,532
Technical Sentiment Signal: Sell
Current Market Cap: £4.12B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.