Barclays Cuts Rightmove (LON:RMV) Price Target to GBX 405
Rightmove (LON:RMV) had its target price reduced by Barclays from GBX 500 ($6.58) to GBX 405 ($5.33) in a report issued on Monday morning, Stock Target Advisor reports. They currently have an underweight rating on the stock.
A number of other analysts have also issued reports on RMV. Shore Capital reissued a sell rating on shares of Rightmove in a research report on Thursday, March 19th. Peel Hunt raised Rightmove to an add rating in a research report on Thursday, March 19th. Goldman Sachs Group boosted their target price on Rightmove from GBX 653 ($8.59) to GBX 692 ($9.10) and gave the company a neutral rating in a research report on Monday, January 20th. Royal Bank of Canada boosted their target price on Rightmove from GBX 500 ($6.58) to GBX 550 ($7.23) and gave the company a sector performer rating in a research report on Tuesday, March 10th. Finally, Berenberg Bank boosted their target price on Rightmove from GBX 420 ($5.52) to GBX 500 ($6.58) and gave the company a sell rating in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Rightmove currently has an average rating of Hold and a consensus price target of GBX 540.17 ($7.11).
RMV stock opened at GBX 461.94 ($6.08) on Monday. The firm has a market cap of $3.99 billion and a PE ratio of 23.69. The company has a debt-to-equity ratio of 29.53, a quick ratio of 1.34 and a current ratio of 1.43. The firm’s 50 day moving average price is GBX 604.10 and its 200-day moving average price is GBX 603.96. Rightmove has a one year low of GBX 488 ($6.42) and a one year high of GBX 588.10 ($7.74).
The firm also recently declared a dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, April 30th will be paid a GBX 4.40 ($0.06) dividend. This is an increase from Rightmove’s previous dividend of $2.80. The ex-dividend date of this dividend is Thursday, April 30th. This represents a dividend yield of 0.71%. Rightmove’s payout ratio is 0.36%.
In other Rightmove news, insider Andrew Fisher purchased 10,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was acquired at an average price of GBX 484 ($6.37) per share, for a total transaction of £48,400 ($63,667.46).
Rightmove Company Profile
Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
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