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Rightmove ( (GB:RMV) ) has shared an update.
Rightmove plc announced the purchase of 50,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0065% of the company’s voting rights and will result in the cancellation of the purchased shares, reflecting Rightmove’s continued commitment to managing its capital structure effectively.
The most recent analyst rating on (GB:RMV) stock is a Sell with a £590.00 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 Neutral.
Rightmove’s strong financial performance and strategic share buy-back program are positive factors. However, the stock’s high valuation and weak technical indicators, combined with bearish analyst ratings, temper the overall outlook.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily offering an online platform for property listings and related services. The company focuses on providing a comprehensive digital marketplace for buyers, sellers, and renters in the UK property market.
Average Trading Volume: 1,867,878
Technical Sentiment Signal: Buy
Current Market Cap: £5.89B
Learn more about RMV stock on TipRanks’ Stock Analysis page.