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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc announced the purchase of 400,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares being acquired at an average price of 567.659p each. This transaction represents 0.0520% of the voting rights of the total ordinary shares in issue before the purchase, and the acquired shares will be cancelled, impacting the company’s share capital structure and potentially benefiting shareholders by increasing the value of remaining shares.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £775.00 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 listing services. The company focuses on providing a platform for property sellers and buyers to connect, facilitating real estate transactions across the UK.
Average Trading Volume: 2,659,145
Technical Sentiment Signal: Sell
Current Market Cap: £4.4B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.