Rightmove Plc (RMV) Stock Rating Reaffirmed by Canaccord Genuity
Rightmove Plc (LON:RMV)‘s stock had its “hold” rating reaffirmed by equities researchers at Canaccord Genuity in a report issued on Wednesday. They currently have a GBX 4,350 ($56.78) target price on the stock. Canaccord Genuity’s price target suggests a potential upside of 2.79% from the stock’s previous close.
RMV has been the subject of several other reports. Bank of America Corp. reiterated a “buy” rating and issued a GBX 4,600 ($60.04) target price on shares of Rightmove Plc in a research note on Friday, September 2nd. Barclays PLC reiterated an “underweight” rating and issued a GBX 3,450 ($45.03) target price on shares of Rightmove Plc in a research note on Wednesday, August 31st. Deutsche Bank AG raised their target price on shares of Rightmove Plc from GBX 3,200 ($41.77) to GBX 3,720 ($48.56) and gave the company a “hold” rating in a research note on Thursday, July 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 5,000 ($65.27) target price on shares of Rightmove Plc in a research note on Thursday, June 2nd. Finally, BNP Paribas raised their target price on shares of Rightmove Plc from GBX 4,100 ($53.52) to GBX 4,700 ($61.35) and gave the company an “outperform” rating in a research note on Wednesday, June 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 4,111.06 ($53.66).
Shares of Rightmove Plc (LON:RMV) opened at 4171.00 on Wednesday. The company’s market capitalization is GBX 3.94 billion. Rightmove Plc has a 1-year low of GBX 3,159.00 and a 1-year high of GBX 4,287.00. The stock has a 50 day moving average price of GBX 4,167.39 and a 200 day moving average price of GBX 4,017.07.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a GBX 19 ($0.25) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.46%.
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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