Rightmove’s (RMV) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Rightmove (LON:RMV) in a research note issued to investors on Monday morning, Marketbeat reports.

RMV has been the subject of a number of other reports. Berenberg Bank restated a buy rating and issued a GBX 650 ($8.55) price objective on shares of Rightmove in a research report on Monday, July 29th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 483 ($6.35) price objective on shares of Rightmove in a research report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 602.67 ($7.92).

Rightmove Price Performance

RMV stock opened at GBX 651.20 ($8.56) on Monday. The firm has a 50 day moving average of GBX 561.51 and a 200-day moving average of GBX 552.21. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. Rightmove has a 12 month low of GBX 457.70 ($6.02) and a 12 month high of GBX 709 ($9.32). The firm has a market capitalization of £5.14 billion, a P/E ratio of 2,604.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.

Rightmove Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.65%. Rightmove’s payout ratio is presently 3,600.00%.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.