Rightmove Plc (RMV) Plans Dividend of GBX 19

Rightmove Plc (LON:RMV) declared a dividend on Wednesday, July 27th. Stockholders of record on Thursday, October 6th will be paid a dividend of GBX 19 ($0.25) per share on Friday, November 4th. This represents a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be viewed at this link.

In related news, insider Parekh,Rakhi acquired 544 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were purchased at an average cost of GBX 3,672 ($48.69) per share, for a total transaction of £19,975.68 ($26,489.43).

Rightmove Plc (LON:RMV) traded up 8.73% during midday trading on Wednesday, hitting GBX 4121.00. 720,167 shares of the stock traded hands. Rightmove Plc has a one year low of GBX 3,159.00 and a one year high of GBX 4,280.00. The stock’s market cap is GBX 3.91 billion. The company has a 50-day moving average price of GBX 3,799.84 and a 200 day moving average price of GBX 3,905.60.

A number of equities analysts have recently commented on the stock. Shore Capital reaffirmed a “hold” rating on shares of Rightmove Plc in a research report on Wednesday. Canaccord Genuity reissued a “hold” rating and set a GBX 4,100 ($54.37) price objective on shares of Rightmove Plc in a report on Wednesday. Numis Securities Ltd raised shares of Rightmove Plc to a “buy” rating and lifted their price objective for the company from GBX 4,440 ($58.88) to GBX 4,750 ($62.99) in a report on Wednesday. Liberum Capital reissued a “buy” rating and set a GBX 5,000 ($66.30) price objective on shares of Rightmove Plc in a report on Wednesday. Finally, Barclays PLC lowered shares of Rightmove Plc to an “underweight” rating and cut their price objective for the company from GBX 4,550 ($60.34) to GBX 3,300 ($43.76) in a report on Monday, July 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Rightmove Plc presently has an average rating of “Hold” and a consensus price target of GBX 3,932.12 ($52.14).

Rightmove plc is a United Kingdom-based company engaged in operating a property portal. The Company’s principal business is the operation of the Website, rightmove.co.uk, which provides details of all properties available to buy or rent. Its platform provides an online property search. The Company’s operational segments include Agency, New Homes and Other.