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An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc announced the purchase of 100,000 of its own ordinary shares as part of its ongoing share buy-back programme, which has been active since 2007. This transaction, executed through UBS AG London Branch, represents a small fraction of the company’s total voting rights and aims to enhance shareholder value by reducing the number of shares in circulation.
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 an online property portal that connects buyers, sellers, and renters with real estate agents. The company focuses on providing comprehensive property listings and related services to facilitate property transactions in the UK market.
Average Trading Volume: 1,871,758
Technical Sentiment Signal: Buy
Current Market Cap: £5.48B
See more data about RMV stock on TipRanks’ Stock Analysis page.