Rightmove plc Continues Share Buy-Back Program

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

Rightmove plc announced the purchase of 100,000 of its own ordinary shares as part of its ongoing share buy-back program, with shares bought at an average price of 772.516p. This transaction represents 0.0129% 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 £5.55 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’s strong financial performance and strategic share buy-back program are key strengths, providing a solid foundation for long-term growth. However, a high valuation and moderate technical indicators suggest some caution is warranted.

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 digital platform for property buyers, sellers, and real estate agents in the UK market.

Average Trading Volume: 2,323,943

Technical Sentiment Signal: Buy

Current Market Cap: £5.97B

For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.