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Rightmove ( (GB:RMV) ) has issued an announcement.
Rightmove plc has executed a share buy-back program, purchasing 200,000 of its ordinary shares at an average price of 540.255p per share. This action, representing 0.0261% of the company’s voting rights, is part of a long-standing buy-back initiative that has seen the acquisition of over 541 million shares since 2007, indicating a strategic move to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £5.20 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 online property listings and related services. It is a leading platform in the UK for property searches, serving both consumers and real estate professionals.
Average Trading Volume: 3,512,480
Technical Sentiment Signal: Sell
Current Market Cap: £4.19B
See more data about RMV stock on TipRanks’ Stock Analysis page.