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The latest announcement is out from Rightmove ( (GB:RMV) ).
Rightmove plc has continued its long-running capital return strategy by buying back 225,000 ordinary shares on 24 March 2026 at a volume-weighted average price of 423.880p, with the shares to be cancelled. The transaction, executed through UBS AG London Branch and representing 0.0296% of pre-transaction voting rights, reduces the number of ordinary shares in issue to 759,093,727, alongside 10,638,100 shares held in treasury, and takes total repurchases since 2007 to over 549 million, further concentrating equity for remaining shareholders.
The latest tranche of buy-backs underscores management’s ongoing use of surplus cash to shrink the share count, signalling confidence in the company’s cash generation and long-term prospects. For investors, the continued reduction in free-float shares can enhance earnings per share and support valuation, reinforcing Rightmove’s shareholder-friendly capital allocation stance in the competitive UK proptech and real estate advertising market.
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 operates the UK’s largest online property portal, providing digital advertising and listing services for estate agents, new-home developers and private sellers. The company sits at the core of the UK residential property search market, monetising traffic via subscription and advertising products targeted at home-movers and property professionals.
Average Trading Volume: 4,554,697
Technical Sentiment Signal: Sell
Current Market Cap: £3.21B
Learn more about RMV stock on TipRanks’ Stock Analysis page.