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Rightmove ( (GB:RMV) ) has shared an update.
Rightmove plc has continued its long-running capital return programme by repurchasing 190,000 ordinary shares at a volume-weighted average price of 415.082 pence, with the shares bought via UBS AG London Branch. The transaction, representing 0.025% of prior voting rights, will see the shares cancelled, reducing the number of ordinary shares in issue to 758,306,659, alongside 10,635,168 shares held in treasury.
The move forms part of a buy-back strategy first launched in 2007, under which Rightmove has now reacquired a total of 550,112,253 shares, signaling ongoing confidence in its cash generation and commitment to returning surplus capital to shareholders. By shrinking its free-float equity base, the company modestly enhances earnings per share and underscores an asset-light business model that supports sustained distributions to 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 U.K.-based online property portal that connects estate agents, landlords and new-home developers with homebuyers and renters. The company generates revenue primarily from listing and advertising fees on its digital platform, giving it a leading position in the U.K. residential property listings market.
Average Trading Volume: 4,855,163
Technical Sentiment Signal: Sell
Current Market Cap: £3.12B
See more data about RMV stock on TipRanks’ Stock Analysis page.