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An update from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc has announced the purchase of 95,000 of its own ordinary shares at an average price of 701.413p as part of its ongoing share buy-back program. This transaction represents 0.0123% of the voting rights of the company’s total ordinary shares, and the purchased shares will be canceled, reflecting Rightmove’s continued commitment to returning value to shareholders.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £8.70 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 and developers. The company focuses on providing a platform for property listings and related services in the UK market.
Average Trading Volume: 1,934,453
Technical Sentiment Signal: Buy
Current Market Cap: £5.36B
See more insights into RMV stock on TipRanks’ Stock Analysis page.