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The latest announcement is out from Rightmove ( (GB:RMV) ).
Rightmove has repurchased 250,000 of its 0.1p ordinary shares at a volume-weighted average price of 434.749p, with the transaction executed through UBS AG’s London branch. The buyback, representing 0.0331% of prior voting rights, will see the shares cancelled, reducing the company’s share count and potentially enhancing earnings per share.
The latest transaction brings the total number of shares repurchased since the launch of Rightmove’s longstanding buy-back programme in December 2007 to 554,142,729 shares. Following the cancellation, the company has 754,276,183 ordinary shares in issue excluding 10,635,168 shares held in treasury, underscoring an ongoing capital-return strategy that supports shareholder value and optimises the group’s balance sheet.
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 lists residential and commercial real estate for sale and rent, serving estate agents, developers and private sellers. The company operates a high-traffic digital marketplace that connects property seekers with advertisers, making it a key player in the U.K. housing and lettings market and a bellwether for online real estate activity.
Average Trading Volume: 4,684,358
Technical Sentiment Signal: Sell
Current Market Cap: £3.28B
For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.