Rightmove (LON:RMV) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Rightmove (LON:RMV) in a research note issued to investors on Friday morning, MarketBeat reports. The firm currently has a GBX 483 ($6.07) target price on the stock.

Several other equities analysts also recently commented on the stock. Shore Capital reiterated a buy rating on shares of Rightmove in a report on Monday, March 4th. Berenberg Bank upped their price target on shares of Rightmove from GBX 605 ($7.60) to GBX 650 ($8.17) and gave the company a buy rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Rightmove presently has an average rating of Moderate Buy and a consensus target price of GBX 602.67 ($7.57).

Rightmove Stock Performance

Shares of LON:RMV opened at GBX 543.60 ($6.83) on Friday. The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 2,265.00, a PEG ratio of 2.58 and a beta of 0.94. Rightmove has a 12 month low of GBX 457.70 ($5.75) and a 12 month high of GBX 603 ($7.58). The firm’s 50-day moving average is GBX 543.68 and its 200 day moving average is GBX 539.16. The company has a current ratio of 2.41, a quick ratio of 2.55 and a debt-to-equity ratio of 10.67.

Rightmove Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a GBX 5.70 ($0.07) dividend. This is an increase from Rightmove’s previous dividend of $3.60. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, April 25th. Rightmove’s dividend payout ratio is currently 3,750.00%.

Insiders Place Their Bets

In other Rightmove news, insider Alison Dolan sold 25,257 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 568 ($7.14), for a total value of £143,459.76 ($180,225.83). Insiders own 0.46% of the company’s stock.

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.