Rightmove Plc (LON:RMV) Given Average Rating of “Hold” by Brokerages
Rightmove Plc (LON:RMV) has been assigned an average recommendation of “Hold” from the twenty brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,303.73 ($55.87).
Several analysts have recently issued reports on RMV shares. Barclays PLC reissued an “underweight” rating on shares of Rightmove Plc in a research report on Monday, July 31st. J P Morgan Chase & Co reissued a “neutral” rating on shares of Rightmove Plc in a research report on Monday, July 31st. Liberum Capital reissued a “buy” rating and set a GBX 5,000 ($64.91) price target on shares of Rightmove Plc in a research report on Friday, July 28th. Shore Capital reissued a “buy” rating on shares of Rightmove Plc in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC increased their price target on shares of Rightmove Plc from GBX 3,500 ($45.44) to GBX 4,000 ($51.93) and gave the stock a “hold” rating in a research report on Tuesday, June 13th.
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Rightmove Plc (LON RMV) opened at 4086.00 on Tuesday. The firm’s 50-day moving average is GBX 4,197.92 and its 200-day moving average is GBX 4,157.06. Rightmove Plc has a 52-week low of GBX 3,604.00 and a 52-week high of GBX 4,416.00. The stock’s market cap is GBX 3.78 billion.
The business also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be paid a GBX 22 ($0.29) dividend. The ex-dividend date is Thursday, October 5th. This represents a yield of 0.51%.
In other Rightmove Plc news, insider Robyn Perriss sold 15,129 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 4,326 ($56.16), for a total value of £654,480.54 ($849,643.70).
About Rightmove Plc
Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.
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