Shore Capital Reaffirms “Sell” Rating for Rightmove (LON:RMV)
Shore Capital reissued their sell rating on shares of Rightmove (LON:RMV) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.
RMV has been the subject of several other reports. Peel Hunt restated a reduce rating on shares of Rightmove in a research report on Friday. Peel Hunt restated a reduce rating and set a GBX 450 ($5.92) price objective on shares of Rightmove in a research report on Friday, November 22nd. JPMorgan Chase & Co. downgraded Rightmove to a neutral rating and upped their price objective for the stock from GBX 433 ($5.70) to GBX 658 ($8.66) in a research report on Thursday, January 23rd. Liberum Capital restated a hold rating on shares of Rightmove in a research report on Tuesday, January 14th. Finally, Goldman Sachs Group upped their price objective on 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 given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 587.22 ($7.72).
Shares of RMV stock traded down GBX 16 ($0.21) on Friday, hitting GBX 619 ($8.14). 4,887,399 shares of the company’s stock were exchanged, compared to its average volume of 285,308. The company has a debt-to-equity ratio of 26.58, a current ratio of 1.94 and a quick ratio of 1.81. Rightmove has a 12 month low of GBX 447 ($5.88) and a 12 month high of GBX 710.60 ($9.35). The stock has a market cap of $5.43 billion and a P/E ratio of 32.93. The company has a 50 day moving average of GBX 670.84 and a 200 day moving average of GBX 602.62.
The firm also recently disclosed a dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, April 30th will be given a dividend of GBX 4.40 ($0.06) per share. This is an increase from Rightmove’s previous dividend of $2.80. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, April 30th. Rightmove’s dividend payout ratio is currently 0.37%.
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.
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