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The latest announcement is out from Rightmove ( (GB:RMV) ).
Rightmove plc announced the purchase of 95,000 of its own shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 699.280p each. This transaction represents a small fraction of the company’s total voting rights and continues Rightmove’s long-term strategy to enhance shareholder value through share repurchases, which have totaled 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, primarily offering an online property portal for buying, selling, and renting properties. The company focuses on providing a digital platform for property listings and related services, catering to both consumers and real estate professionals in the UK market.
Average Trading Volume: 1,943,793
Technical Sentiment Signal: Buy
Current Market Cap: £5.35B
For an in-depth examination of RMV stock, go to TipRanks’ Overview page.