Morgan Stanley Boosts Rightmove (RMV) Price Target to GBX 4,500
Rightmove (LON:RMV) had its price target lifted by Morgan Stanley from GBX 4,400 ($60.79) to GBX 4,500 ($62.17) in a research note issued to investors on Thursday. The brokerage currently has an equal weight rating on the stock.
A number of other brokerages have also issued reports on RMV. Peel Hunt upped their target price on Rightmove from GBX 4,000 ($55.26) to GBX 4,400 ($60.79) and gave the company a hold rating in a research report on Wednesday, January 17th. Liberum Capital reaffirmed a buy rating and issued a GBX 5,000 ($69.08) target price on shares of Rightmove in a research report on Monday, January 15th. Barclays upped their target price on Rightmove from GBX 3,700 ($51.12) to GBX 4,000 ($55.26) and gave the company an underweight rating in a research report on Monday, January 29th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Rightmove in a research report on Monday, February 26th. Finally, UBS Group reaffirmed a neutral rating and issued a GBX 4,300 ($59.41) target price on shares of Rightmove in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Rightmove has a consensus rating of Hold and a consensus target price of GBX 4,435.25 ($61.28).
Rightmove (LON:RMV) opened at GBX 4,208 ($58.14) on Thursday. Rightmove has a 52-week low of GBX 3,846 ($53.14) and a 52-week high of GBX 4,595 ($63.48). The stock has a market capitalization of $3,820.00 and a P/E ratio of 2,714.84.
The company also recently declared a dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 3rd will be given a dividend of GBX 36 ($0.50) per share. This is a positive change from Rightmove’s previous dividend of $22.00. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 3rd.
Rightmove 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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