Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Rightmove ( (GB:RMV) ) has shared an announcement.
Rightmove plc has continued to execute its long-running capital return strategy by buying back 200,000 ordinary shares at a volume-weighted average price of 430.056p, with the shares to be cancelled. The purchase, conducted via UBS AG London Branch and representing 0.0263% of prior voting rights, brings total repurchases since the 2007 launch of its buy-back programme to 549,097,253 shares, leaving 759,314,633 ordinary shares in issue and 10,642,194 held in treasury.
The latest transaction marginally reduces Rightmove’s share count and voting rights in circulation, supporting earnings-per-share accretion and capital efficiency for investors. The sustained pace of repurchases underlines management’s confidence in the business’s cash generation and reinforces its shareholder-friendly distribution policy within the competitive U.K. online property portal sector.
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.-listed operator of an online property portal, providing residential and commercial real estate listings and related digital advertising services. The company focuses on connecting estate agents, developers and landlords with prospective buyers and renters across the U.K. housing market.
Average Trading Volume: 4,510,749
Technical Sentiment Signal: Sell
Current Market Cap: £3.27B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.