Rightmove’s (RMV) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Rightmove (LON:RMV) in a research report report published on Monday, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank restated a buy rating and set a GBX 650 ($8.55) target price on shares of Rightmove in a research report on Monday, July 29th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 483 ($6.35) price objective on shares of Rightmove in a research report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of GBX 602.67 ($7.92).

Rightmove Stock Performance

Shares of Rightmove stock opened at GBX 660 ($8.68) on Monday. The firm has a 50 day simple moving average of GBX 559.43 and a 200 day simple moving average of GBX 551.51. Rightmove has a fifty-two week low of GBX 457.70 ($6.02) and a fifty-two week high of GBX 709 ($9.32). The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The firm has a market cap of £5.21 billion, a P/E ratio of 2,640.00, a P/E/G ratio of 2.58 and a beta of 1.05.

Rightmove Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 3.70 ($0.05) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 26th. Rightmove’s dividend payout ratio is presently 3,600.00%.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.