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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc has announced the purchase of 200,000 of its own shares as part of its ongoing share buy-back program, with the shares being acquired at an average price of 554.242p. This transaction represents 0.0260% of the voting rights of the total ordinary shares, and the purchased shares will be canceled, reflecting 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 £5.20 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’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. However, bearish technical indicators and moderate valuation 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 providing an online property portal for buying, selling, and renting properties. The company focuses on offering digital property listings and related services to consumers and real estate professionals in the UK market.
Average Trading Volume: 3,246,675
Technical Sentiment Signal: Sell
Current Market Cap: £4.21B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.