Rightmove's (RMV) "Buy" Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Rightmove (LON:RMV - Free Report) in a research note released on Monday, MarketBeat.com reports.

A number of other brokerages have also commented on RMV. Berenberg Bank reiterated a buy rating and issued a GBX 650 ($8.55) price target on shares of Rightmove in a research note on Monday, July 29th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 483 ($6.35) target price 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of GBX 602.67 ($7.92).

Rightmove Stock Performance

RMV stock traded up GBX 152.40 ($2.00) during midday trading on Monday, reaching GBX 708 ($9.31). 12,063,096 shares of the company were exchanged, compared to its average volume of 2,822,670. Rightmove has a one year low of GBX 457.70 ($6.02) and a one year high of GBX 709 ($9.32). The firm has a market capitalization of £5.59 billion, a price-to-earnings ratio of 2,832.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The business has a 50-day moving average price of GBX 552.47 and a two-hundred day moving average price of GBX 548.82. 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 firm also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be given a GBX 3.70 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.65%. Rightmove's payout ratio is 3,600.00%.

Rightmove Company Profile

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.