Rightmove Plc (RMV) Receives GBX 4,583 Consensus Target Price from Analysts

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Rightmove Plc (LON:RMV) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 4,583 ($59.89).

Several equities analysts recently commented on the company. Liberum Capital reissued a “hold” rating on shares of Rightmove in a report on Monday, July 2nd. Peel Hunt reissued a “hold” rating on shares of Rightmove in a report on Tuesday, July 3rd. Citigroup reissued a “sell” rating and issued a GBX 4,600 ($60.11) target price on shares of Rightmove in a report on Wednesday, July 4th. Shore Capital reissued a “hold” rating on shares of Rightmove in a report on Monday, July 23rd. Finally, UBS Group downgraded shares of Rightmove to a “sell” rating and upped their price objective for the company from GBX 4,300 ($56.19) to GBX 4,900 ($64.03) in a research note on Friday, July 6th.

In other Rightmove news, insider Robyn Perriss sold 5,234 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of GBX 4,948 ($64.65), for a total value of £258,978.32 ($338,401.05).

LON:RMV traded down GBX 4.45 ($0.06) during trading hours on Friday, hitting GBX 422.35 ($5.52). The company’s stock had a trading volume of 2,122,532 shares, compared to its average volume of 285,308. Rightmove has a 52-week low of GBX 3,846 ($50.25) and a 52-week high of GBX 4,595 ($60.04).

The business also recently disclosed a dividend, which will be paid on Friday, November 2nd. Shareholders of record on Thursday, October 4th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a yield of 0.51%.

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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