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An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove has continued its long-running capital return strategy by repurchasing 250,000 of its 0.1p ordinary shares at a volume-weighted average price of 434.736p, with the shares to be cancelled. The latest transaction, executed through UBS AG London Branch and representing 0.0331% of pre-buyback voting rights, brings the total number of shares bought back since the programme began in 2007 to 554,392,729, leaving 754,029,107 shares in issue and 10,632,244 held in treasury.
The incremental reduction in share count underscores Rightmove’s ongoing use of buybacks to enhance capital efficiency and support earnings per share over time. For investors, the move signals continued confidence in the company’s cash generation and balance sheet strength, while modestly increasing the proportional ownership of remaining shareholders and reinforcing its shareholder-return credentials within the U.K. online property sector.
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 that provides digital platforms for advertising residential and commercial real estate. Its primary services connect estate agents, landlords and developers with prospective buyers and renters, making it a key player in the U.K. housing market and a bellwether for digital property advertising trends.
Average Trading Volume: 4,686,745
Technical Sentiment Signal: Sell
Current Market Cap: £3.28B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.