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The latest update is out from Rightmove ( (GB:RMV) ).
Rightmove plc announced the purchase of 50,000 of its own shares as part of its ongoing share buy-back program, with the shares bought at an average price of 788.533p. This transaction represents a small fraction of the company’s total voting rights and continues Rightmove’s long-term strategy, which has seen the acquisition of over 534 million shares since 2007, potentially impacting shareholder value and market perception.
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 Outperform.
Rightmove’s strong financial performance and positive technical indicators are major strengths, supporting a solid stock score. However, the high P/E ratio and recent ‘Sell’ analyst ratings temper the overall outlook, suggesting caution for potential investors.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily focusing on providing an online property portal for buying, selling, and renting properties. The company is a leading platform in the UK, offering comprehensive property listings and related services to consumers and real estate professionals.
Average Trading Volume: 1,835,208
Technical Sentiment Signal: Buy
Current Market Cap: £6.08B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.