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The latest update is out from Rightmove ( (GB:RMV) ).
Rightmove plc has continued its longstanding capital return strategy by repurchasing 300,000 ordinary shares, equal to about 0.0396% of its voting share capital, at a volume-weighted average price of 431.603p through UBS AG London Branch. The shares will be cancelled, reducing the number of ordinary shares in issue to 757,276,183 (excluding 10,635,168 held in treasury), and bringing the total bought back since the programme began in 2007 to more than 551 million shares, a move that supports earnings per share and underscores management’s commitment to shareholder returns.
The incremental buy-back further consolidates Rightmove’s capital structure while maintaining its dominant position in the U.K. online property listings market. By steadily shrinking its free-float over time, the company reinforces confidence in its cash generation and balance-sheet strength, which are key considerations for investors in a cyclical property and advertising environment.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £489.00 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.
Spark’s Take on RMV Stock
According to Spark, TipRanks’ AI Analyst, RMV is a Outperform.
The score is driven primarily by outstanding financial performance (high margins, strong free cash flow, low leverage) and a supportive earnings outlook with continued capital returns. These positives are tempered by weak technical trends (below key longer-term moving averages with negative MACD) and only moderate valuation support (P/E ~15.9, ~2.27% yield).
To see Spark’s full report on RMV stock, click here.
More about Rightmove
Rightmove plc is a U.K.-based online property portal that provides digital listings and advertising services for estate agents, developers and property owners. The company focuses on the residential property market, monetising its leading platform through subscription and marketing products that connect homebuyers, renters and sellers with property professionals.
Average Trading Volume: 4,895,001
Technical Sentiment Signal: Sell
Current Market Cap: £3.24B
For an in-depth examination of RMV stock, go to TipRanks’ Overview page.