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Rightmove ( (GB:RMV) ) has provided an update.
Rightmove plc announced the purchase and cancellation of 300,000 ordinary shares as part of its ongoing share buy-back program, with prices ranging from 516.400p to 522.400p per share. This transaction reflects continued efforts to manage shareholder value, as the company has purchased over 545 million ordinary shares since the program’s inception in 2007, indicating a strategic focus on capital allocation and market stability.
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 technology sector, providing digital platforms for property listings and offering advertising services primarily for residential and commercial properties in the UK.
Average Trading Volume: 4,199,171
Technical Sentiment Signal: Sell
Current Market Cap: £3.96B
See more insights into RMV stock on TipRanks’ Stock Analysis page.