Rightmove (RMV) Price Target Increased to GBX 4,300 by Analysts at Deutsche Bank

Rightmove (LON:RMV) had its price target boosted by Deutsche Bank from GBX 4,000 ($54.26) to GBX 4,300 ($58.33) in a research report sent to investors on Monday, May 14th. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Liberum Capital restated a buy rating and issued a GBX 5,000 ($67.82) price target on shares of Rightmove in a report on Monday, January 15th. Numis Securities restated a buy rating and issued a GBX 5,305 ($71.96) price target on shares of Rightmove in a report on Friday, February 23rd. Morgan Stanley upped their price target on Rightmove from GBX 4,400 ($59.69) to GBX 4,500 ($61.04) and gave the stock an equal weight rating in a report on Thursday, March 1st. Peel Hunt reaffirmed a hold rating and issued a GBX 4,400 ($59.69) target price on shares of Rightmove in a research note on Tuesday, February 6th. Finally, Shore Capital reaffirmed a hold rating on shares of Rightmove in a research note on Monday, March 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 4,411.18 ($59.84).

LON RMV opened at GBX 4,850 ($65.79) on Monday. Rightmove has a 12-month low of GBX 3,846 ($52.17) and a 12-month high of GBX 4,595 ($62.33).

Rightmove (LON:RMV) last released its quarterly earnings results on Friday, February 23rd. The company reported GBX 163.30 ($2.22) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 160.70 ($2.18) by GBX 2.60 ($0.04). The business had revenue of £243.27 million for the quarter. Rightmove had a return on equity of 1,086.69% and a net margin of 59.28%.

The firm also recently declared a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 3rd will be paid a dividend of GBX 36 ($0.49) per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, May 3rd. This is a positive change from Rightmove’s previous dividend of $22.00.

Rightmove Company Profile

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.

Analyst Recommendations for Rightmove (LON:RMV)

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