Rightmove Plc (RMV) Receives “Underweight” Rating from Barclays PLC
Rightmove Plc (LON:RMV)‘s stock had its “underweight” rating restated by Barclays PLC in a note issued to investors on Monday. They currently have a GBX 3,650 ($47.64) price objective on the stock. Barclays PLC’s price objective points to a potential downside of 13.55% from the stock’s previous close.
Several other analysts also recently issued reports on RMV. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Rightmove Plc in a research note on Thursday, July 28th. Shore Capital reaffirmed a “hold” rating on shares of Rightmove Plc in a research note on Wednesday, July 27th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 4,350 ($56.78) price target on shares of Rightmove Plc in a research note on Wednesday, September 14th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 5,000 ($65.27) price target on shares of Rightmove Plc in a research note on Tuesday, September 6th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 4,120 ($53.78) price target on shares of Rightmove Plc in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Rightmove Plc has a consensus rating of “Hold” and an average price target of GBX 4,111.06 ($53.66).
Shares of Rightmove Plc (LON:RMV) opened at 4222.00 on Monday. Rightmove Plc has a 12 month low of GBX 3,159.00 and a 12 month high of GBX 4,287.00. The stock’s market capitalization is GBX 3.99 billion. The stock’s 50 day moving average price is GBX 4,169.65 and its 200-day moving average price is GBX 4,019.82.
The business also recently announced 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. This represents a dividend yield of 0.46%. The ex-dividend date is Thursday, October 6th.
Rightmove Plc Company Profile
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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