Barclays Trims Rightmove (LON:RMV) Target Price to GBX 405

Rightmove (LON:RMV) had its price objective lowered by Barclays from GBX 500 ($6.58) to GBX 405 ($5.33) in a research note published on Monday morning, Stock Target Advisor reports. The brokerage currently has an underweight rating on the stock.

A number of other equities analysts have also issued reports on RMV. Liberum Capital reaffirmed a hold rating on shares of Rightmove in a research note on Tuesday, January 14th. Berenberg Bank increased their price target on Rightmove from GBX 420 ($5.52) to GBX 500 ($6.58) and gave the company a sell rating in a research note on Monday, March 2nd. Societe Generale initiated coverage on Rightmove in a research note on Tuesday, February 11th. They set a buy rating and a GBX 845 ($11.12) price target for the company. Deutsche Bank reaffirmed a hold rating on shares of Rightmove in a research note on Thursday, March 19th. Finally, Royal Bank of Canada increased their price target on Rightmove from GBX 500 ($6.58) to GBX 550 ($7.23) and gave the company a sector performer rating in a research note on Tuesday, March 10th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 546 ($7.18).

Shares of RMV stock opened at GBX 457.30 ($6.02) on Monday. Rightmove has a 12-month low of GBX 488 ($6.42) and a 12-month high of GBX 588.10 ($7.74). The firm has a market capitalization of $3.99 billion and a price-to-earnings ratio of 23.45. The business has a 50 day simple moving average of GBX 604.10 and a 200 day simple moving average of GBX 603.96. The company has a debt-to-equity ratio of 29.53, a current ratio of 1.43 and a quick ratio of 1.34.

Rightmove (LON:RMV) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 20.20 ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 19.80 ($0.26) by GBX 0.40 ($0.01). On average, equities analysts anticipate that Rightmove will post 1971.5232432 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, April 30th will be paid a dividend of GBX 4.40 ($0.06) per share. The ex-dividend date of this dividend is Thursday, April 30th. This is a positive change from Rightmove’s previous dividend of $2.80. This represents a dividend yield of 0.71%. Rightmove’s dividend payout ratio (DPR) is currently 0.36%.

In related news, insider Andrew Fisher acquired 10,000 shares of Rightmove stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of GBX 484 ($6.37) per share, with a total value 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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Analyst Recommendations for Rightmove (LON:RMV)

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