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Rightmove ( (GB:RMV) ) has shared an update.
Rightmove plc has continued its long-running capital return strategy by repurchasing 250,000 ordinary shares, equal to about 0.0331% of existing voting rights, at a volume-weighted average price of 453.315p. The shares, bought through UBS AG’s London branch, will be cancelled, reducing the number of ordinary shares in issue to 755,016,183, with 10,635,168 shares held in treasury.
The move forms part of a share buy-back programme first launched in 2007, under which Rightmove has now bought back more than 553 million shares in total. By steadily shrinking its free float, the company continues to enhance earnings per share and consolidate value for investors, underlining management’s commitment to disciplined balance sheet management and ongoing shareholder returns.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £455.00 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 operator, providing digital advertising and listing services for residential and commercial real estate. Its platform connects estate agents, developers and private sellers with prospective buyers and renters, giving the company a central role in the U.K. housing market’s online search and marketing infrastructure.
Average Trading Volume: 4,594,659
Technical Sentiment Signal: Sell
Current Market Cap: £3.29B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.