Rightmove Executes Share Buy-Back of 95,000 Shares

Rightmove ( (GB:RMV) ) has provided an announcement.

Rightmove plc has announced the purchase of 95,000 of its own shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents a small fraction of the company’s total voting rights and reflects Rightmove’s continued strategy to manage its share capital effectively.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £5.55 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 technical indicators are significant strengths supporting its high stock score. Despite the high valuation indicated by the P/E ratio, the company’s robust fundamentals and strategic initiatives like share buy-backs justify its premium. These factors, combined with an overall positive market momentum, make Rightmove an attractive investment in the Internet Content & Information industry.

To see Spark’s full report on GB:RMV stock, click here.

More about Rightmove

Rightmove plc operates within the real estate industry, primarily offering online property listings and related services. The company focuses on providing a digital platform for property buyers, sellers, and real estate agents in the UK market.

Average Trading Volume: 2,346,650

Technical Sentiment Signal: Buy

Current Market Cap: £5.86B

Learn more about RMV stock on TipRanks’ Stock Analysis page.