Rightmove plc (LON:RMV - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 548.70 ($7.13) and traded as high as GBX 560.80 ($7.29). Rightmove shares last traded at GBX 560.80 ($7.29), with a volume of 998,047 shares trading hands.
Wall Street Analyst Weigh In
RMV has been the topic of several recent analyst reports. Berenberg Bank reiterated a "buy" rating and set a GBX 650 ($8.45) target price on shares of Rightmove in a report on Monday, July 29th. JPMorgan Chase & Co. restated an "underweight" rating and set a GBX 483 ($6.28) target price on shares of Rightmove in a report on Thursday, June 6th. Finally, Shore Capital restated a "buy" rating on shares of Rightmove in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, Rightmove presently has a consensus rating of "Hold" and a consensus price target of GBX 602.67 ($7.83).
Check Out Our Latest Stock Analysis on RMV
Rightmove Stock Up 1.1 %
The firm's 50 day moving average price is GBX 552.52 and its two-hundred day moving average price is GBX 548.64. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The company has a market capitalization of £4.43 billion, a P/E ratio of 2,243.20, a PEG ratio of 2.58 and a beta of 1.05.
Rightmove Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid a GBX 3.70 ($0.05) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.65%. Rightmove's payout ratio is currently 3,600.00%.
Rightmove Company Profile
(
Get Free Report)
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.
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