Rightmove plc (LON:RMV - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 749 ($9.92) and last traded at GBX 745.40 ($9.88), with a volume of 14698006 shares changing hands. The stock had previously closed at GBX 742.80 ($9.84).
Analyst Upgrades and Downgrades
Several analysts have weighed in on RMV shares. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Rightmove in a research report on Wednesday, March 12th. Royal Bank of Canada lifted their price objective on shares of Rightmove from GBX 630 ($8.35) to GBX 750 ($9.94) and gave the stock a "sector perform" rating in a research note on Monday, March 3rd.
Check Out Our Latest Stock Report on Rightmove
Rightmove Stock Up 0.1 %
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 business's 50-day simple moving average is GBX 686.38 and its 200-day simple moving average is GBX 656.67. The company has a market capitalization of £5.79 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.
Rightmove (LON:RMV - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share (EPS) for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. As a group, equities research analysts anticipate that Rightmove plc will post 30.2327791 EPS for the current fiscal year.
Rightmove Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a GBX 6.10 ($0.08) dividend. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, April 24th. This is a boost from Rightmove's previous dividend of $3.70. Rightmove's payout ratio is 36.10%.
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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