Berenberg Bank reaffirmed their buy rating on shares of Rightmove (LON:RMV – Free Report) 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).
Check Out Our Latest Stock Analysis on Rightmove
Rightmove Stock Performance
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.
See Also
- Five stocks we like better than Rightmove
- Following Congress Stock Trades
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- How to Invest in Insurance Companies: A Guide
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- What Are Dividends? Buy the Best Dividend Stocks
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.