Rightmove Enhances Shareholder Value with Latest Buy-Back
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Rightmove plc has announced the purchase of 300,000 of its own shares as part of its ongoing share buy-back program, representing 0.0393% of the company's voting rights. The shares will be cancelled, reducing the total number of shares to 763,418,110. This move is part of Rightmove's strategy to manage its capital structure and return value to shareholders. The latest analyst rating for Rightmove stock is a Buy with a £631.00 price target, despite bearish technical indicators and moderate valuation metrics.
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