Rightmove Plc Cut to “Neutral” at Westhouse Securities (RMV)
Rightmove Plc (LON:RMV) was downgraded by stock analysts at Westhouse Securities to a “neutral” rating in a report issued on Friday. They currently have a GBX 2,585 ($43.21) price objective on the stock. Westhouse Securities’ target price would suggest a potential upside of 3.15% from the stock’s previous close.
Rightmove Plc (LON:RMV) opened at 2490.00 on Friday. Rightmove Plc has a 52-week low of GBX 2046.9999 and a 52-week high of GBX 2814.00. The stock’s 50-day moving average is GBX 2247. and its 200-day moving average is GBX 2398.. The company’s market cap is £2.467 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of GBX 13 ($0.22) per share. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 9th.
RMV has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Rightmove Plc in a research note on Thursday, August 14th. They now have a GBX 2,510 ($41.96) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Rightmove Plc in a research note on Tuesday, August 12th. They now have a GBX 2,850 ($47.64) price target on the stock. Finally, 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 ($61.02) price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Rightmove Plc has an average rating of “Buy” and an average target price of GBX 2,930.13 ($48.98).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.