Rightmove Extends Long-Running Buy-Back With Fresh Share Repurchase
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Rightmove plc has extended its long-running share buy-back program by repurchasing 260,000 ordinary shares at an average price of 410.203p. This transaction, executed via UBS AG, reduces the number of shares in issue to 751,301,083. Since launching the buy-back in December 2007, Rightmove has repurchased a total of 557,125,627 shares, emphasizing its commitment to capital discipline and shareholder returns. The latest analyst rating for Rightmove stock is a Sell with a price target of £4.55, while TipRanks’ AI Analyst rates it as Outperform due to strong financial performance despite some technical weaknesses.
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