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Rightmove ( (GB:RMV) ) has shared an announcement.
Rightmove plc has executed a share buy-back, purchasing 200,000 of its ordinary shares at an average price of 543.269p per share. This transaction is part of an ongoing buy-back program initiated in 2007, which has seen the company repurchase over 541 million shares to date. The recent purchase represents a small fraction of the company’s voting rights and will result in the cancellation of the acquired shares, potentially enhancing shareholder value by reducing the number of shares outstanding.
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 an online property portal that connects property buyers, sellers, and renters with real estate agents. The company focuses on providing a comprehensive platform for property listings and related services in the UK market.
Average Trading Volume: 3,552,586
Technical Sentiment Signal: Sell
Current Market Cap: £4.12B
Learn more about RMV stock on TipRanks’ Stock Analysis page.