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Rightmove ( (GB:RMV) ) just unveiled an update.
Rightmove plc has continued its long-running capital return strategy with another share buy-back, purchasing 260,000 ordinary shares at a volume-weighted average price of 422.939p through UBS AG London Branch. The transaction represents 0.0343% of prior voting rights, with the shares set to be cancelled, reducing the share count to 757,576,183 in issue, excluding 10,635,168 held in treasury, and bringing total repurchases since 2007 to 550,842,729 shares.
The move underscores Rightmove’s ongoing use of buy-backs to manage its capital structure and enhance shareholder returns, a notable stance for a mature, cash-generative digital platform in the UK property sector. By shrinking the free float over time, the programme can support earnings per share and signal management confidence in the company’s long-term prospects, while also tightening liquidity in the stock for existing 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 connects estate agents, new-home developers and private sellers with homebuyers and renters. Its primary service is a digital marketplace for residential and commercial property listings, supported by advertising and data services tailored to the UK housing market.
Average Trading Volume: 4,932,632
Technical Sentiment Signal: Sell
Current Market Cap: £3.19B
For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.