Rightmove Extends Long-Running Buy-Back With Fresh Share Repurchase
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Rightmove plc has continued its capital return strategy by repurchasing 250,000 shares at an average price of 438.067p, representing 0.0331% of voting rights to be cancelled. This brings total buy-backs since December 2007 to 553,652,729 shares, reducing the number of ordinary shares to 754,766,183. Analysts rate RMV stock as a Hold with a £455.00 price target, while Spark's AI Analyst gives it an Outperform rating due to strong financial performance, despite weak technical trends. Rightmove is a U.K.-based online property portal generating revenue from advertising and listing fees.
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