Rightmove Plc’s Hold Rating Reaffirmed at Deutsche Bank (RMV)
Rightmove Plc (LON:RMV)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 2,700 ($45.85) price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 21.02% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Rightmove Plc in a research note on Tuesday, July 29th. They now have a GBX 2,500 ($42.45) price target on the stock. Separately, 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. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Rightmove Plc in a research note on Thursday, July 24th. They now have a GBX 3,360 ($57.06) price target on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 2,960.14 ($50.27).
Rightmove Plc (LON:RMV) opened at 2231.00 on Wednesday. Rightmove Plc has a 52 week low of GBX 2047.00 and a 52 week high of GBX 2814.00. The stock’s 50-day moving average is GBX 2176. and its 200-day moving average is GBX 2422.33. The company’s market cap is £2.210 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.
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