Rightmove’s (RMV) “Reduce” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their reduce rating on shares of Rightmove (LON:RMV) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently weighed in on RMV. Deutsche Bank reiterated a hold rating on shares of Rightmove in a research report on Friday, July 12th. UBS Group reiterated a sell rating on shares of Rightmove in a research report on Friday, August 2nd. Liberum Capital reiterated a hold rating on shares of Rightmove in a research report on Thursday, September 26th. Finally, Shore Capital reiterated a hold rating on shares of Rightmove in a research report on Friday, October 4th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of Sell and a consensus target price of GBX 2,383.50 ($31.14).

Shares of LON RMV opened at GBX 557 ($7.28) on Tuesday. The stock has a market cap of $4.92 billion and a PE ratio of 29.63. Rightmove has a fifty-two week low of GBX 415.20 ($5.43) and a fifty-two week high of GBX 588.10 ($7.68). The company has a debt-to-equity ratio of 26.58, a quick ratio of 1.81 and a current ratio of 1.94. The stock has a fifty day moving average of GBX 536.29 and a 200-day moving average of GBX 538.64.

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 0.56%. The ex-dividend date is Thursday, October 3rd. Rightmove’s payout ratio is 0.37%.

In related news, insider Peter Brooks-Johnson sold 254,510 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of GBX 542 ($7.08), for a total transaction of £1,379,444.20 ($1,802,488.17).

About Rightmove

Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

See Also: Stocks Increasing Dividends

Analyst Recommendations for Rightmove (LON:RMV)

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit