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Rightmove ( (GB:RMV) ) just unveiled an update.
Rightmove plc announced the purchase of 95,000 of its ordinary shares as part of its ongoing share buy-back programme, with the shares bought at an average price of 687.689p. This transaction represents a small percentage of the total voting rights, and the purchased shares will be cancelled, reflecting Rightmove’s continued commitment to returning value to shareholders.
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 online property listings and related services. The company focuses on providing a digital platform for property buyers, sellers, and real estate agents in the UK market.
Average Trading Volume: 1,976,224
Technical Sentiment Signal: Buy
Current Market Cap: £5.36B
For detailed information about RMV stock, go to TipRanks’ Stock Analysis page.