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An update from Rightmove ( (GB:RMV) ) is now available.
Rightmove has continued its long-running capital return strategy by repurchasing 200,000 ordinary shares at an average price of about 460.5p, equivalent to roughly 0.026% of its voting rights, with the shares to be cancelled rather than held for reissue. The move, executed via UBS AG London Branch, takes total buy-backs since the programme began in 2007 to more than 547 million shares and leaves 761.1 million shares in issue, underscoring the company’s ongoing use of share repurchases to manage its capital structure and enhance shareholder value.
Following this latest transaction, Rightmove still holds around 10.7 million shares in treasury, providing flexibility for future corporate purposes without immediate equity issuance. For existing investors, the cancellation of the newly bought-back shares marginally boosts earnings per share and signals confidence in the company’s cash generation and underlying business model in the competitive online property marketplace.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £521.00 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.
Spark’s Take on GB:RMV Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB:RMV stock, click here.
More about Rightmove
Rightmove plc is a U.K.-based online property portal that connects estate agents, developers and private sellers with homebuyers and renters. Its platform focuses on residential property listings, market data and related digital advertising services, giving it a central role in the U.K. housing search and real estate marketing ecosystem.
Average Trading Volume: 4,598,587
Technical Sentiment Signal: Sell
Current Market Cap: £3.44B
For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.