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Rightmove ( (GB:RMV) ) has provided an announcement.
Rightmove plc announced the purchase of 300,000 of its own shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 530.544p each. This transaction represents 0.0392% of the voting rights of the company’s total ordinary shares, and the purchased shares will be cancelled, 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 Buy with a £631.00 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 earnings call sentiment are offset by bearish technical indicators and moderate valuation metrics. The ongoing share buyback program supports shareholder value, but market momentum remains a concern.
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 search services. The company focuses on providing a platform for property listings, connecting buyers, sellers, and real estate agents in the UK market.
Average Trading Volume: 3,994,073
Technical Sentiment Signal: Sell
Current Market Cap: £4.05B
For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.