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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc has continued its long-running capital return strategy by repurchasing 260,000 ordinary shares at a volume-weighted average price of 411.573p, with the buyback executed via UBS AG’s London branch. The transaction represents 0.0346% of existing voting rights, and the shares will be cancelled, reducing the share count and potentially enhancing earnings per share for investors.
Since launching its share buy-back programme in December 2007, Rightmove has acquired a total of 556,605,627 shares, underscoring management’s sustained commitment to returning cash to shareholders and optimising its capital structure. Following the latest transaction, the company has 751,821,083 ordinary shares in issue (excluding 10,627,370 held in treasury), maintaining a sizable free float while signalling confidence in its long-term prospects.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £4.55 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 a leading online property portal in the UK, providing digital platforms for residential and commercial property listings and related real estate services. The company focuses on connecting estate agents, developers and home seekers, monetising its marketplace through advertising and listing fees, and plays a central role in the country’s online housing search market.
Average Trading Volume: 4,523,591
Technical Sentiment Signal: Sell
Current Market Cap: £3.16B
Learn more about RMV stock on TipRanks’ Stock Analysis page.