Rightmove (RMV) Earns Reduce Rating from Peel Hunt

Peel Hunt reissued their reduce rating on shares of Rightmove (LON:RMV) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently commented on RMV. UBS Group downgraded shares of Rightmove to a neutral rating in a research note on Monday, March 18th. Shore Capital restated a hold rating on shares of Rightmove in a research note on Friday, March 1st. Deutsche Bank restated a buy rating on shares of Rightmove in a research note on Monday, March 4th. JPMorgan Chase & Co. restated an underweight rating on shares of Rightmove in a research note on Thursday, January 24th. Finally, Liberum Capital restated a hold rating on shares of Rightmove in a research note on Friday, March 1st. Six research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Rightmove has a consensus rating of Hold and an average price target of GBX 4,727.13 ($61.77).

Shares of LON:RMV opened at GBX 569.20 ($7.44) on Thursday. Rightmove has a 52 week low of GBX 415.20 ($5.43) and a 52 week high of GBX 573.40 ($7.49). The company has a debt-to-equity ratio of 103.77, a quick ratio of 0.96 and a current ratio of 1.10. The firm has a market capitalization of $5.05 billion and a PE ratio of 32.16.

The business also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 2nd will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, May 2nd. This represents a yield of 0.85%. Rightmove’s dividend payout ratio (DPR) is 0.40%.

About Rightmove

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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