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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc announced the purchase of 95,000 of its ordinary shares at an average price of 702.668p as part of its ongoing share buy-back program. This transaction represents 0.0123% of the voting rights of the total ordinary shares in issue, with the purchased shares set to be canceled, reflecting the company’s continued commitment to returning value to shareholders.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £8.15 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 platform for property buyers, sellers, and renters in the UK market.
Average Trading Volume: 1,896,757
Technical Sentiment Signal: Buy
Current Market Cap: £5.44B
See more insights into RMV stock on TipRanks’ Stock Analysis page.