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The latest update is out from Rightmove ( (GB:RMV) ).
Rightmove plc has executed a share buy-back program, purchasing 50,000 of its ordinary shares at an average price of 765.113p per share. This transaction represents a small fraction of the total voting rights and continues the company’s long-standing strategy of share repurchases, which has seen over 534 million shares bought back since 2007. The purchased shares will be cancelled, impacting the total number of shares in issue, and reflecting Rightmove’s commitment to returning value to its shareholders.
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 is the most significant factor supporting its stock score. The company’s robust financial health and strategic share buy-back program enhance shareholder value. However, the high valuation and mixed technical indicators temper the overall score, with recent analyst ratings suggesting caution.
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 connecting property buyers, sellers, landlords, and tenants through its digital platform, serving as a key player in the UK property market.
Average Trading Volume: 1,800,111
Technical Sentiment Signal: Buy
Current Market Cap: £5.99B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.