Rightmove (LON:RMV) Research Coverage Started at Panmure Gordon

Panmure Gordon initiated coverage on shares of Rightmove (LON:RMV – Get Rating) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm issued a hold rating and a GBX 523 ($6.37) price objective on the stock.

Other analysts also recently issued reports about the stock. Barclays reissued an underweight rating and issued a GBX 555 ($6.76) price target on shares of Rightmove in a report on Monday, March 6th. Liberum Capital reduced their price objective on shares of Rightmove from GBX 705 ($8.59) to GBX 660 ($8.04) and set a buy rating for the company in a report on Monday, March 6th. JPMorgan Chase & Co. cut their price target on shares of Rightmove from GBX 590 ($7.19) to GBX 530 ($6.46) and set a neutral rating for the company in a report on Tuesday, March 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Rightmove from GBX 610 ($7.43) to GBX 600 ($7.31) and set a hold rating for the company in a research note on Tuesday, March 7th. Finally, Citigroup reaffirmed a sell rating on shares of Rightmove in a research note on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of GBX 578.57 ($7.05).

Rightmove Price Performance

Shares of Rightmove stock opened at GBX 545.60 ($6.65) on Thursday. The company has a debt-to-equity ratio of 14.04, a current ratio of 2.66 and a quick ratio of 2.55. Rightmove has a fifty-two week low of GBX 437.80 ($5.34) and a fifty-two week high of GBX 679.60 ($8.28). The firm has a fifty day moving average price of GBX 568.70 and a two-hundred day moving average price of GBX 546.32. The company has a market cap of £4.50 billion, a PE ratio of 2,480.00, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82.

Rightmove Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 27th will be given a dividend of GBX 5.20 ($0.06) per share. This is a positive change from Rightmove’s previous dividend of $3.30. This represents a yield of 0.92%. The ex-dividend date is Thursday, April 27th. Rightmove’s dividend payout ratio is 4,090.91%.

About Rightmove

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Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords.