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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc has announced the purchase of 95,000 of its own ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents a small fraction of the company’s total voting rights and is part of a long-term strategy initiated in 2007 to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:RMV) stock is a Hold with a £737.00 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, supported by consistent revenue and profit growth and efficient cash management. However, technical analysis indicates bearish momentum, and the valuation suggests moderate pricing with a low dividend yield. These factors collectively result in a moderate 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 focusing on property listings and related services. The company is known for its online platform that connects buyers, sellers, and real estate professionals, facilitating property transactions across the UK.
Average Trading Volume: 2,066,806
Technical Sentiment Signal: Hold
Current Market Cap: £5.19B
See more data about RMV stock on TipRanks’ Stock Analysis page.