Rightmove Plc (RMV) Earns Hold Rating from Canaccord Genuity
Canaccord Genuity restated their hold rating on shares of Rightmove Plc (LON:RMV) in a research note published on Wednesday morning. The firm currently has a GBX 4,350 ($57.94) price objective on the stock.
Several other equities research analysts have also recently commented on the stock. Barclays PLC cut shares of Rightmove Plc to an underweight rating and dropped their price target for the stock from GBX 4,550 ($60.60) to GBX 3,300 ($43.95) in a research report on Monday, July 4th. Shore Capital reiterated a hold rating on shares of Rightmove Plc in a research report on Wednesday, July 20th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 3,535 ($47.08) price target on shares of Rightmove Plc in a research report on Monday, June 27th. Bank of America Corp. reiterated a buy rating and issued a GBX 4,600 ($61.27) price target on shares of Rightmove Plc in a research report on Friday, September 2nd. Finally, Liberum Capital reiterated a buy rating and issued a GBX 5,000 ($66.60) price target on shares of Rightmove Plc in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 4,111.06 ($54.76).
Rightmove Plc (LON:RMV) opened at 4172.00 on Wednesday. Rightmove Plc has a one year low of GBX 3,159.00 and a one year high of GBX 4,287.00. The stock’s 50 day moving average is GBX 4,155.89 and its 200 day moving average is GBX 4,002.25. The stock’s market capitalization is GBX 3.94 billion.
The company also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a GBX 19 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.46%.
In other news, insider Parekh,Rakhi purchased 544 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was acquired at an average price of GBX 3,672 ($48.91) per share, with a total value of £19,975.68 ($26,605.86).
Rightmove Plc Company Profile
Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.
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