Rightmove plc (LON:RMV - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 553.94 ($7.24) and traded as high as GBX 680.20 ($8.89). Rightmove shares last traded at GBX 674 ($8.81), with a volume of 283,183,500 shares changing hands.
Wall Street Analyst Weigh In
RMV has been the subject of several analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a GBX 483 ($6.32) price objective on shares of Rightmove in a research note on Thursday, June 6th. Berenberg Bank reissued a "buy" rating and set a GBX 650 ($8.50) price target on shares of Rightmove in a research note on Tuesday, September 3rd. Finally, Shore Capital reaffirmed a "buy" rating on shares of Rightmove in a research report on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Rightmove currently has a consensus rating of "Hold" and an average price target of GBX 602.67 ($7.88).
Get Our Latest Research Report on Rightmove
Rightmove Stock Performance
The firm has a 50 day moving average of GBX 569.01 and a 200-day moving average of GBX 554.81. The company has a market cap of £5.28 billion, a P/E ratio of 2,681.60, a PEG ratio of 2.58 and a beta of 1.04. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.
Rightmove Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.65%. Rightmove's dividend payout ratio is currently 3,600.00%.
About Rightmove
(
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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