tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Rightmove Executes Share Buy-Back Program

Story Highlights
Rightmove Executes Share Buy-Back Program

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Rightmove plc has executed a share buy-back program, purchasing 95,000 of its ordinary shares at an average price of 700.161p per share. This transaction represents a small fraction of the company’s total voting rights and is part of a long-standing buy-back strategy that has seen the company repurchase over 536 million shares since 2007. The purchased shares will be canceled, potentially impacting the company’s share value and shareholder equity.

The most recent analyst rating on (GB:RMV) stock is a Buy with a £8.70 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 Neutral.

Rightmove’s strong financial performance is the most significant factor, showcasing robust profitability and financial stability. However, technical analysis indicates potential bearish trends, and the valuation suggests the stock may be overvalued. These factors collectively moderate the overall stock score.

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 buyers, sellers, and renters with property listings. The company focuses on providing comprehensive property information and services to facilitate real estate transactions in the UK market.

Average Trading Volume: 1,907,876

Technical Sentiment Signal: Buy

Current Market Cap: £5.39B

For an in-depth examination of RMV stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1