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An update from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc announced the purchase of 400,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0520% of the voting rights of the total ordinary shares prior to the purchase. The acquired shares will be canceled, reducing the total number of shares in issue, excluding treasury shares, to 768,418,110. This strategic move is part of Rightmove’s long-term financial strategy to enhance shareholder value.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £700.00 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 search services. The company focuses on connecting property buyers and sellers through its digital platform, serving as a leading marketplace for real estate transactions in the UK.
Average Trading Volume: 2,897,766
Technical Sentiment Signal: Sell
Current Market Cap: £4.32B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.