Rightmove Executes Share Buy-back Program

Rightmove ( (GB:RMV) ) has issued an update.

Rightmove plc has executed a share buy-back program, purchasing 125,000 of its ordinary shares at an average price of 745.361p per share. This transaction represents 0.0161% of the voting rights of the total ordinary shares, and the purchased shares will be cancelled. Since the inception of the buy-back program in 2007, Rightmove has acquired a total of 531,599,968 shares. This move is part of Rightmove’s ongoing strategy to manage its capital structure and return value to shareholders.

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 stock score reflects strong financial performance and positive corporate actions, such as the share buy-back program. Technical analysis supports a stable price trend, but a high P/E ratio indicates valuation concerns. The lack of recent earnings call data and negative analyst sentiment slightly dampen 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, providing an online property portal for buying, selling, and renting properties. The company focuses on offering comprehensive property listings and related services to consumers and real estate professionals in the UK market.

Average Trading Volume: 2,285,401

Technical Sentiment Signal: Buy

Current Market Cap: £5.76B

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