Analysts Set Rightmove Plc (RMV) Target Price at $4,505.50

Shares of Rightmove Plc (LON:RMV) have been given a consensus rating of “Hold” by the fifteen research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 4,505.50 ($62.25).

Several research analysts have commented on the stock. Shore Capital restated a “hold” rating on shares of Rightmove in a report on Monday. Peel Hunt upped their price objective on shares of Rightmove from GBX 4,000 ($55.26) to GBX 4,400 ($60.79) and gave the stock a “hold” rating in a report on Wednesday, January 17th. Deutsche Bank reiterated a “hold” rating on shares of Rightmove in a research note on Wednesday, January 31st. Credit Suisse Group increased their price target on shares of Rightmove from GBX 4,150 ($57.34) to GBX 4,250 ($58.72) and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, Morgan Stanley increased their price target on shares of Rightmove from GBX 4,400 ($60.79) to GBX 4,500 ($62.17) and gave the stock an “equal weight” rating in a research note on Thursday, March 1st.

Shares of Rightmove (LON RMV) traded up GBX 58 ($0.80) during midday trading on Friday, reaching GBX 4,296 ($59.35). 209,349 shares of the company’s stock traded hands, compared to its average volume of 283,419. Rightmove has a 1-year low of GBX 3,846 ($53.14) and a 1-year high of GBX 4,595 ($63.48). The company has a market cap of $3,910.00 and a price-to-earnings ratio of 2,771.61.

Rightmove (LON:RMV) last issued its quarterly earnings data on Friday, February 23rd. The company reported GBX 163.30 ($2.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 160.70 ($2.22) by GBX 2.60 ($0.04). Rightmove had a net margin of 59.28% and a return on equity of 1,086.69%. The business had revenue of £243.27 million during the quarter.

The firm also recently declared a dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 3rd will be paid a GBX 36 ($0.50) dividend. This represents a dividend yield of 0.8%. This is a positive change from Rightmove’s previous dividend of $22.00. The ex-dividend date of this dividend is Thursday, May 3rd.

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Rightmove 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 Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.

Analyst Recommendations for Rightmove (LON:RMV)

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