Peel Hunt Reaffirms “Hold” Rating for Rightmove Plc (LON:RMV)
Several other equities research analysts have also recently issued reports on RMV. Liberum Capital restated a buy rating and set a GBX 5,000 ($65.95) price objective on shares of Rightmove Plc in a report on Friday. Shore Capital restated a hold rating on shares of Rightmove Plc in a report on Friday. Citigroup Inc. restated a sell rating on shares of Rightmove Plc in a report on Friday, March 31st. Jefferies Group LLC decreased their price objective on Rightmove Plc from GBX 3,600 ($47.49) to GBX 3,500 ($46.17) and set a hold rating on the stock in a report on Friday, March 31st. Finally, Credit Suisse Group restated a neutral rating and set a GBX 4,120 ($54.35) price objective on shares of Rightmove Plc in a report on Thursday, March 30th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 4,246.11 ($56.01).
Shares of Rightmove Plc (LON:RMV) opened at 4216.00 on Friday. The company has a 50-day moving average of GBX 4,229.17 and a 200-day moving average of GBX 4,150.91. The stock’s market capitalization is GBX 3.90 billion. Rightmove Plc has a 52 week low of GBX 3,604.00 and a 52 week high of GBX 4,416.00.
The business also recently disclosed a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be given a GBX 22 ($0.29) dividend. This represents a yield of 0.51%. The ex-dividend date of this dividend is Thursday, October 5th.
In other Rightmove Plc news, insider Robyn Perriss sold 15,129 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of GBX 4,326 ($57.06), for a total value of £654,480.54 ($863,316.90).
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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