Rightmove plc Advances Share Buy-Back Program with Latest Purchase

Rightmove ( (GB:RMV) ) has shared an update.

Rightmove plc announced the purchase of 90,000 of its own shares as part of an ongoing share buy-back program. This transaction represents a small fraction of the company’s total voting rights and highlights Rightmove’s continued efforts to manage its share capital and potentially enhance shareholder value.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £5.55 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.

Spark’s Take on GB:RMV Stock

According to Spark, TipRanks’ AI Analyst, GB:RMV is a Outperform.

Rightmove shows strong financial performance and positive technical momentum, but high valuation metrics present a potential overvaluation risk. Corporate strategies like share buybacks support shareholder value but are countered by bearish analyst ratings.

To see Spark’s full report on GB:RMV stock, click here.

More about Rightmove

Rightmove plc operates in the real estate industry, primarily providing an online property portal service. The company focuses on connecting property buyers, sellers, and renters with real estate agents and developers, serving as a key platform in the UK property market.

Average Trading Volume: 2,268,282

Technical Sentiment Signal: Buy

Current Market Cap: £5.85B

Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.