Rightmove (LON:RMV) Given “Sell” Rating at Citigroup

Citigroup reiterated their sell rating on shares of Rightmove (LON:RMV) in a research note released on Tuesday, Price Targets.com reports. The brokerage currently has a GBX 555 ($7.25) target price on the stock.

RMV has been the subject of a number of other reports. Barclays upped their price target on Rightmove from GBX 555 ($7.25) to GBX 575 ($7.51) and gave the company an underweight rating in a report on Monday, August 2nd. Credit Suisse Group upped their price target on Rightmove from GBX 600 ($7.84) to GBX 660 ($8.62) and gave the company a neutral rating in a report on Tuesday, August 3rd. Berenberg Bank raised Rightmove to a hold rating and increased their price objective for the company from GBX 455 ($5.94) to GBX 710 ($9.28) in a report on Monday, August 2nd. Shore Capital reissued a sell rating on shares of Rightmove in a report on Friday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on Rightmove from GBX 589 ($7.70) to GBX 601 ($7.85) and gave the stock a neutral rating in a report on Monday, August 23rd. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Rightmove has a consensus rating of Hold and a consensus price target of GBX 605.14 ($7.91).

Shares of RMV opened at GBX 743 ($9.71) on Tuesday. The stock has a 50 day moving average price of GBX 708.31 and a 200 day moving average price of GBX 645.48. The company has a quick ratio of 3.22, a current ratio of 3.39 and a debt-to-equity ratio of 13.37. The company has a market capitalization of £6.37 billion and a price-to-earnings ratio of 42.22. Rightmove has a 52-week low of GBX 551.80 ($7.21) and a 52-week high of GBX 767.80 ($10.03).

The company also recently disclosed a dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 0.43%. The ex-dividend date is Thursday, September 30th. Rightmove’s dividend payout ratio is currently 0.26%.

About Rightmove

Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

Featured Story: Why are percentage gainers important?

Analyst Recommendations for Rightmove (LON:RMV)

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.