tiprankstipranks
Rightmove Executes Share Buy-Back to Enhance Shareholder Value
Company Announcements

Rightmove Executes Share Buy-Back to Enhance Shareholder Value

Story Highlights

Pick the best stocks and maximize your portfolio:

Rightmove ( (GB:RMV) ) has shared an update.

Rightmove plc has carried out a share buy-back transaction, purchasing 110,000 of its ordinary shares at an average price of 671.040p per share. This move is part of an ongoing buy-back program, with the purchased shares being cancelled, reducing the overall number of shares in circulation, which could potentially increase the value of remaining shares and enhance shareholder value.

More about Rightmove

Rightmove plc operates in the real estate industry, primarily offering a digital platform for property listings. It focuses on connecting real estate agents, landlords, and developers with potential buyers and renters, thereby facilitating property transactions across the UK market.

YTD Price Performance: 18.92%

Average Trading Volume: 2,750,100

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £5.26B

See more data about RMV stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyRightmove price target raised to 815 GBp from 745 GBp at Deutsche Bank
TipRanks UK Auto-Generated NewsdeskRightmove Enhances Shareholder Value with Continued Buy-Back
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App