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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc announced the purchase of 350,000 of its own shares as part of its ongoing share buy-back program, with the shares bought at an average price of 571.153p each. This transaction represents 0.0455% of the company’s voting rights, and the purchased shares will be canceled, reflecting Rightmove’s commitment to enhancing shareholder value through strategic buybacks.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £700.00 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 Outperform.
Rightmove’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. However, bearish technical indicators and moderate valuation temper the overall outlook.
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 comprehensive platform for property buyers, sellers, and real estate professionals in the UK market.
Average Trading Volume: 2,806,055
Technical Sentiment Signal: Sell
Current Market Cap: £4.4B
For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.