Rightmove’s (RMV) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Rightmove (LON:RMV) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 650 ($8.55) price objective on the stock.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 483 ($6.35) target price on shares of Rightmove in a research report on Thursday, June 6th. Shore Capital reiterated a buy rating on shares of Rightmove in a report on Monday, September 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of GBX 602.67 ($7.92).

Rightmove Stock Performance

Shares of RMV stock opened at GBX 653.80 ($8.60) on Tuesday. The firm has a market capitalization of £5.16 billion, a price-to-earnings ratio of 2,615.20, a PEG ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The business’s 50-day moving average price is GBX 561.51 and its 200-day moving average price is GBX 552.21. Rightmove has a 12 month low of GBX 457.70 ($6.02) and a 12 month high of GBX 709 ($9.32).

Rightmove Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.65%. Rightmove’s dividend payout ratio (DPR) is currently 3,600.00%.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.