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Rightmove ( (GB:RMV) ) has shared an announcement.
Rightmove plc has continued to execute its longstanding capital return strategy, repurchasing 210,000 ordinary shares at an average price of about 441.7p, with the transaction conducted through UBS AG’s London branch. The buyback, equal to roughly 0.0275% of prior voting rights, will see the shares cancelled, marginally reducing the share count and potentially enhancing earnings per share for investors.
The latest purchases bring the total number of shares bought back since the programme began in 2007 to 545,982,253, underscoring management’s sustained use of excess cash to support the share price and optimise the capital structure. Following this transaction, Rightmove has 762,318,333 ordinary shares in issue excluding treasury stock, while 10,753,494 shares are held in treasury, factors closely watched by shareholders assessing dilution, liquidity and future capital allocation flexibility.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £765.00 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 Outperform.
The score is driven primarily by strong financial performance (high profitability, strong free cash flow, and low leverage) and a constructive earnings update with confident outlook and shareholder returns. Offsetting these positives, technicals are currently weak with the stock below key longer-term moving averages and a negative MACD, while valuation and dividend yield provide moderate support.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc is a U.K.-based online property portal that connects estate agents, landlords, homebuyers and renters through digital property listings and related advertising services. The company focuses on the residential property market, monetising traffic and data through subscription fees and marketing products sold primarily to estate and lettings agents across the country.
Average Trading Volume: 4,615,935
Technical Sentiment Signal: Sell
Current Market Cap: £3.4B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.