Rightmove (RMV) Given “Buy” Rating at Liberum Capital

Liberum Capital reiterated their buy rating on shares of Rightmove (LON:RMV) in a report published on Thursday, March 15th. Liberum Capital currently has a GBX 5,000 ($69.08) price target on the stock.

Several other analysts also recently commented on the stock. Shore Capital reiterated a hold rating on shares of Rightmove in a research report on Monday, March 5th. Peel Hunt reissued a hold rating and issued a GBX 4,400 ($60.79) price objective on shares of Rightmove in a research note on Monday, March 5th. Morgan Stanley boosted their price objective on shares of Rightmove from GBX 4,400 ($60.79) to GBX 4,500 ($62.17) and gave the company an equal weight rating in a research note on Thursday, March 1st. JPMorgan Chase & Co. reissued an underweight rating on shares of Rightmove in a research note on Monday, February 26th. Finally, UBS reissued a neutral rating and issued a GBX 4,300 ($59.41) price objective on shares of Rightmove in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 4,435.25 ($61.28).

RMV stock opened at GBX 4,203 ($58.07) on Thursday. Rightmove has a fifty-two week low of GBX 3,846 ($53.14) and a fifty-two week high of GBX 4,595 ($63.48). The stock has a market capitalization of $3,820.00 and a PE ratio of 2,711.61.

Rightmove (LON:RMV) last released its quarterly earnings results on Friday, February 23rd. The company reported GBX 163.30 ($2.26) EPS for the quarter, beating the 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 firm had revenue of £243.27 million during the quarter.

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

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About Rightmove

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.

Analyst Recommendations for Rightmove (LON:RMV)

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