Rightmove Plc Receives Buy Rating from Canaccord Genuity (RMV)
Rightmove Plc (LON:RMV)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They currently have a GBX 2,600 ($44.15) price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 16.38% from the company’s current price.
A number of other analysts have also recently weighed in on RMV. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Rightmove Plc in a research note on Wednesday. They now have a GBX 2,700 ($45.85) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Rightmove Plc in a research note on Tuesday. They now have a GBX 2,500 ($42.45) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Rightmove Plc in a research note on Friday, July 25th. They now have a GBX 2,260 ($38.38) price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Rightmove Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 2,970.86 ($50.45).
Shares of Rightmove Plc (LON:RMV) traded down 1.37% during mid-day trading on Wednesday, hitting GBX 2234.00. 447,509 shares of the company’s stock traded hands. Rightmove Plc has a 52 week low of GBX 2046.9999 and a 52 week high of GBX 2814.00. The stock has a 50-day moving average of GBX 2173.11 and a 200-day moving average of GBX 2424.. The company’s market cap is £2.231 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a dividend of GBX 13 ($0.22) per share. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, October 9th.
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.