Rightmove plc (LON:RMV - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 559.59 ($7.39) and traded as high as GBX 700.80 ($9.26). Rightmove shares last traded at GBX 696 ($9.19), with a volume of 1,608,190 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 483 ($6.38) target price on shares of Rightmove in a research note on Thursday, June 6th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 650 ($8.59) price target on shares of Rightmove in a research report on Tuesday, September 3rd. Finally, Shore Capital reiterated a "buy" rating on shares of Rightmove in a research report on Monday, September 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of GBX 602.67 ($7.96).
Get Our Latest Stock Analysis on Rightmove
Rightmove Trading Down 3.1 %
The company's 50 day simple moving average is GBX 585.68 and its two-hundred day simple moving average is GBX 559.59. The company has a market cap of £5.32 billion, a PE ratio of 2,784.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.04. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55.
Rightmove Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a GBX 3.70 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.65%. Rightmove's dividend payout ratio (DPR) is presently 3,600.00%.
About Rightmove
(
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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.
Further Reading
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