Rightmove ( (GB:RMV) ) has shared an announcement.
Rightmove plc has announced the purchase of 89,596 of its own ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0115% of the voting rights of the total ordinary shares prior to the purchase, and the acquired shares will be cancelled, impacting the company’s share capital structure.
Spark’s Take on GB:RMV Stock
According to Spark, TipRanks’ AI Analyst, GB:RMV is a Outperform.
Rightmove’s stock is bolstered by strong financial performance, positive technical indicators, and strategic corporate actions like share buy-backs. Although the valuation is relatively high, it is supported by solid fundamentals and growth prospects, making it an attractive investment in the Internet Content & Information industry.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates within the real estate industry, primarily offering online property listings and related services. The company focuses on connecting property buyers, sellers, and renters with real estate agents, developers, and landlords across the UK.
YTD Price Performance: 13.96%
Average Trading Volume: 1,981,344
Technical Sentiment Signal: Sell
Current Market Cap: £5.68B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.