TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Rightmove ( (GB:RMV) ) has shared an announcement.
Rightmove plc has announced the purchase of 200,000 of its own ordinary shares as part of its ongoing share buy-back program. This transaction represents 0.0261% of the voting rights of the total ordinary shares before the purchase, and the acquired shares will be canceled, reflecting the company’s strategy to manage its capital structure and potentially enhance 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 providing an online property portal for buying, selling, and renting properties. The company focuses on offering digital solutions to connect property seekers with real estate agents and developers in the UK market.
Average Trading Volume: 3,504,688
Technical Sentiment Signal: Sell
Current Market Cap: £4.1B
For an in-depth examination of RMV stock, go to TipRanks’ Overview page.