Rightmove (LON:RMV) Receives “Reduce” Rating from Peel Hunt
Peel Hunt reissued their reduce rating on shares of Rightmove (LON:RMV) in a report published on Friday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also commented on the stock. Jefferies Financial Group began coverage on shares of Rightmove in a research note on Tuesday, December 10th. They set an underperform rating and a GBX 500 ($6.58) price objective for the company. Barclays upped their price objective on shares of Rightmove from GBX 450 ($5.92) to GBX 500 ($6.58) and gave the company an underweight rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered shares of Rightmove to a neutral rating and upped their price objective for the company from GBX 433 ($5.70) to GBX 658 ($8.66) in a research note on Thursday, January 23rd. Societe Generale began coverage on shares of Rightmove in a research note on Tuesday, February 11th. They set a buy rating and a GBX 845 ($11.12) price objective for the company. Finally, Goldman Sachs Group increased their price target on shares of Rightmove from GBX 653 ($8.59) to GBX 692 ($9.10) and gave the stock a neutral rating in a research report on Monday, January 20th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 587.22 ($7.72).
LON RMV traded down GBX 16 ($0.21) on Friday, reaching GBX 619 ($8.14). The company’s stock had a trading volume of 4,887,399 shares, compared to its average volume of 285,308. Rightmove has a twelve month low of GBX 447 ($5.88) and a twelve month high of GBX 710.60 ($9.35). The company has a debt-to-equity ratio of 26.58, a quick ratio of 1.81 and a current ratio of 1.94. The stock has a market cap of $5.43 billion and a PE ratio of 32.93. The firm’s 50 day moving average is GBX 670.84 and its two-hundred day moving average is GBX 602.62.
The business also recently declared a dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, April 30th will be given a GBX 4.40 ($0.06) dividend. This represents a dividend yield of 0.71%. This is a positive change from Rightmove’s previous dividend of $2.80. The ex-dividend date of this dividend is Thursday, April 30th. Rightmove’s dividend payout ratio is 0.37%.
Rightmove Company Profile
Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
Further Reading: Growth Stocks
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