Rightmove Plc (RMV) Given Consensus Recommendation of “Hold” by Brokerages
Rightmove Plc (LON:RMV) has been given an average rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 4,505.50 ($62.25).
A number of brokerages have recently issued reports on RMV. Shore Capital reaffirmed a “hold” rating on shares of Rightmove in a report on Monday. Peel Hunt raised their price target on shares of Rightmove from GBX 4,000 ($55.26) to GBX 4,400 ($60.79) and gave the company a “hold” rating in a report on Wednesday, January 17th. Deutsche Bank reaffirmed a “hold” rating on shares of Rightmove in a report on Wednesday, January 31st. Credit Suisse Group raised their price target on shares of Rightmove from GBX 4,150 ($57.34) to GBX 4,250 ($58.72) and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Morgan Stanley raised their price target on shares of Rightmove from GBX 4,400 ($60.79) to GBX 4,500 ($62.17) and gave the company an “equal weight” rating in a report on Thursday, March 1st.
Shares of Rightmove (LON:RMV) traded up GBX 58 ($0.80) during midday trading on Friday, hitting GBX 4,296 ($59.35). 209,349 shares of the stock were exchanged, compared to its average volume of 283,419. The stock has a market cap of $3,910.00 and a P/E ratio of 2,771.61. Rightmove has a 12-month low of GBX 3,846 ($53.14) and a 12-month high of GBX 4,595 ($63.48).
The firm also recently disclosed a dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 3rd will be issued a GBX 36 ($0.50) dividend. This is an increase from Rightmove’s previous dividend of $22.00. The ex-dividend date is Thursday, May 3rd. This represents a dividend yield of 0.8%.
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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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