Rightmove (RMV) Rating Reiterated by Shore Capital – Fairfield Current


Shore Capital reiterated their hold rating on shares of Rightmove (LON:RMV) in a research note published on Friday, March 1st.

Several other brokerages have also recently issued reports on RMV. Peel Hunt reissued a reduce rating on shares of Rightmove in a research note on Friday, March 1st. UBS Group reissued a buy rating on shares of Rightmove in a research note on Wednesday, February 20th. Deutsche Bank reaffirmed a buy rating on shares of Rightmove in a research report on Thursday, February 7th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Rightmove in a research report on Thursday, January 24th. Finally, Liberum Capital reaffirmed a hold rating on shares of Rightmove in a research report on Wednesday, January 2nd. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 4,679.67 ($61.15).

Shares of RMV traded down GBX 0.40 ($0.01) during mid-day trading on Friday, reaching GBX 500.60 ($6.54). 4,111,409 shares of the company’s stock traded hands, compared to its average volume of 285,308. The stock has a market cap of $4.45 billion and a price-to-earnings ratio of 28.28. Rightmove has a 12 month low of GBX 414.50 ($5.42) and a 12 month high of GBX 539.60 ($7.05). The company has a debt-to-equity ratio of 103.77, a quick ratio of 0.96 and a current ratio of 1.10.

The business also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 2nd will be given a dividend of GBX 4 ($0.05) per share. This represents a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 2nd. Rightmove’s dividend payout ratio is currently 0.40%.

Rightmove Company Profile

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.

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