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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc has announced the purchase of 100,000 of its own shares as part of an ongoing share buy-back program, with shares bought at an average price of 725.407p each. This transaction represents a small fraction of the company’s total voting rights and is part of a long-term strategy initiated in 2007, aimed at enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £8.15 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 is the most significant factor, showcasing robust profitability and financial stability. However, technical analysis indicates potential bearish trends, and the valuation suggests the stock may be overvalued. These factors collectively moderate the overall stock score.
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 online property listings and related services. The company focuses on providing a platform for property buyers, sellers, and real estate agents to connect and facilitate property transactions.
Average Trading Volume: 1,829,483
Technical Sentiment Signal: Buy
Current Market Cap: £5.57B
For an in-depth examination of RMV stock, go to TipRanks’ Overview page.