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An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc has executed a share buy-back program, purchasing 100,000 of its ordinary shares at an average price of 741.015p per share. This transaction represents 0.0129% of the company’s voting rights and is part of an ongoing buy-back initiative that began in 2007, with the purchased shares set to be cancelled. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £824.00 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 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 providing an online property portal for buying, selling, and renting properties. It focuses on the UK market, offering a platform for real estate agents, landlords, and developers to advertise properties to potential buyers and tenants.
Average Trading Volume: 1,816,038
Technical Sentiment Signal: Buy
Current Market Cap: £5.68B
See more data about RMV stock on TipRanks’ Stock Analysis page.