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Rightmove ( (GB:RMV) ) has issued an announcement.
Rightmove plc has announced the purchase of 95,000 of its own shares as part of an ongoing share buy-back program, with the shares being acquired at an average price of 676.270p. This transaction represents a small fraction of the company’s total voting rights and is part of a long-term strategy to manage its share capital, having repurchased over 537 million shares since 2007.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £8.70 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, showcasing robust profitability and financial stability. However, technical analysis indicates potential bearish trends, and the valuation suggests the stock may be overvalued. These factors collectively moderate the overall stock score.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, providing an online property portal that connects buyers and sellers, landlords, and tenants. The company focuses on offering a comprehensive platform for property listings and related services in the UK market.
Average Trading Volume: 1,969,473
Technical Sentiment Signal: Buy
Current Market Cap: £5.19B
See more insights into RMV stock on TipRanks’ Stock Analysis page.