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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc has continued its long-running capital return strategy by repurchasing 240,000 ordinary shares at a volume-weighted average price of about 439p, with the shares to be cancelled. The transaction, executed through UBS AG London Branch, represents roughly 0.0315% of prior voting rights and reduces the total number of ordinary shares in issue to 761.7 million, while the company retains 10.7 million shares in treasury.
The move forms part of Rightmove’s share buy-back programme initiated in 2007, under which it has now acquired a cumulative 546.7 million shares, underscoring management’s ongoing use of surplus cash to shrink the equity base and support earnings per share. For shareholders, the latest buyback continues a pattern of returns that may enhance per-share metrics and signal confidence in the business, while slightly increasing remaining investors’ proportional ownership.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £488.00 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 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 GB:RMV stock, click here.
More about Rightmove
Rightmove plc is a UK-based online real estate portal that provides property listings, search tools and market data to homebuyers, renters, estate agents and developers. The company operates a digital marketplace focused on the UK housing sector, generating revenue primarily from advertising and listing fees paid by property professionals seeking exposure to its large audience of users.
Average Trading Volume: 4,499,483
Technical Sentiment Signal: Sell
Current Market Cap: £3.31B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.