Rightmove (LON:RMV) Shares Cross Above 200 Day Moving Average of $555.31

Rightmove plc (LON:RMV – Get Rating)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 555.31 ($6.96) and traded as high as GBX 565 ($7.08). Rightmove shares last traded at GBX 563.40 ($7.06), with a volume of 1,149,168 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Rightmove from GBX 590 ($7.39) to GBX 530 ($6.64) and set a “neutral” rating for the company in a research report on Tuesday, March 7th. Citigroup reissued a “sell” rating on shares of Rightmove in a report on Wednesday, February 8th. Berenberg Bank started coverage on shares of Rightmove in a report on Thursday, April 27th. They set a “hold” rating and a GBX 540 ($6.76) price objective on the stock. Barclays reissued an “underweight” rating and set a GBX 555 ($6.95) target price on shares of Rightmove in a research report on Monday, March 6th. Finally, Liberum Capital cut their price target on Rightmove from GBX 705 ($8.83) to GBX 660 ($8.27) and set a “buy” rating for the company in a report on Monday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 581.67 ($7.29).

Rightmove Price Performance

The stock has a market cap of £4.62 billion, a price-to-earnings ratio of 2,449.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82. The company has a quick ratio of 2.55, a current ratio of 2.66 and a debt-to-equity ratio of 14.04. The company’s 50-day moving average is GBX 561.72 and its 200-day moving average is GBX 555.31.

Rightmove Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 27th will be issued a GBX 5.20 ($0.07) dividend. The ex-dividend date is Thursday, April 27th. This is a boost from Rightmove’s previous dividend of $3.30. This represents a dividend yield of 0.92%. Rightmove’s dividend payout ratio is presently 3,913.04%.

Rightmove Company Profile

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Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords.