Rightmove (LON:RMV) Reaches New 12-Month High at $696.60

Rightmove plc (LON:RMV) reached a new 52-week high on Monday . The stock traded as high as GBX 696.60 ($9.19) and last traded at GBX 671.20 ($8.85), with a volume of 258933125 shares trading hands. The stock had previously closed at GBX 555.60 ($7.33).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RMV. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.57) price objective on shares of Rightmove in a research note on Monday, July 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 483 ($6.37) price objective on shares of Rightmove in a research note on Thursday, June 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 602.67 ($7.95).

Rightmove Trading Up 19.7 %

The business has a fifty day simple moving average of GBX 552.47 and a 200 day simple moving average of GBX 548.82. The stock has a market cap of £5.25 billion, a price-to-earnings ratio of 2,222.40, a PEG ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83.

Rightmove Cuts Dividend

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

Rightmove Company Profile

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.