Rightmove’s (RMV) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Rightmove (LON:RMV) in a research report sent to investors on Wednesday morning, Marketbeat.com reports.

A number of other research firms also recently commented on RMV. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 483 ($6.17) target price on shares of Rightmove in a research report on Thursday, June 6th. Berenberg Bank reaffirmed a buy rating and set a GBX 650 ($8.31) price objective on shares of Rightmove in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Rightmove has an average rating of Hold and a consensus price target of GBX 602.67 ($7.70).

Rightmove Stock Performance

Shares of RMV opened at GBX 537 ($6.86) on Wednesday. The company has a quick ratio of 2.55, a current ratio of 2.41 and a debt-to-equity ratio of 10.67. Rightmove has a 52-week low of GBX 457.70 ($5.85) and a 52-week high of GBX 603 ($7.71). The stock has a 50 day moving average price of GBX 554.98 and a 200 day moving average price of GBX 549.67. The company has a market capitalization of £4.26 billion, a price-to-earnings ratio of 2,237.50, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

Rightmove Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 3.70 ($0.05) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 26th. Rightmove’s payout ratio is currently 3,750.00%.

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.