Rightmove Plc Rating Reiterated by Nomura (RMV)
Rightmove Plc (LON:RMV)‘s stock had its “buy” rating reaffirmed by equities researchers at Nomura in a research report issued on Tuesday. They currently have a GBX 2,850 ($47.81) price objective on the stock. Nomura’s price target would suggest a potential upside of 23.48% from the stock’s previous close.
Rightmove Plc (LON:RMV) traded down 0.48% during mid-day trading on Tuesday, hitting GBX 2297.00. The stock had a trading volume of 118,152 shares. Rightmove Plc has a one year low of GBX 2046.9999 and a one year high of GBX 2814.00. The stock’s 50-day moving average is GBX 2192.57 and its 200-day moving average is GBX 2401.87. The company’s market cap is £2.276 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.
RMV has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rightmove Plc in a research note on Tuesday, August 5th. They now have a GBX 3,650 ($61.23) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rightmove Plc in a research note on Tuesday, August 5th. They now have a GBX 3,100 ($52.00) price target on the stock. Finally, analysts at Westhouse Securities upgraded shares of Rightmove Plc to an “add” rating in a research note on Wednesday, July 30th. They now have a GBX 2,585 ($43.37) price target on the stock, down previously from GBX 2,700 ($45.29). Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,960.14 ($49.66).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
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