Rightmove Extends Long-Running Buyback With New Share Purchase

Rightmove ( (GB:RMV) ) has issued an announcement.

Rightmove has repurchased 210,476 of its 0.1p ordinary shares at a volume-weighted average price of 426.577p, with the shares bought via UBS AG London Branch and scheduled for cancellation, reducing the number of voting shares in circulation. The transaction represents 0.0278% of prior voting rights and brings total buybacks since the programme began in 2007 to 550,322,729 shares, leaving 758,096,183 ordinary shares in issue excluding 10,635,168 held in treasury, underscoring an ongoing capital-return strategy that supports earnings per share and capital efficiency for investors.

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 UK-based online property portal that lists residential and commercial real estate for sale and rent, serving estate agents, developers and landlords across the country. The company generates revenue primarily from advertising and listing fees, and is a leading digital marketplace in the British housing sector, giving it significant influence over property search and marketing dynamics.

Average Trading Volume: 4,891,671

Technical Sentiment Signal: Sell

Current Market Cap: £3.16B

For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.