Rightmove plc (LON:RMV - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 748.60 ($9.96) and last traded at GBX 744.60 ($9.90), with a volume of 5768874 shares traded. The stock had previously closed at GBX 731.40 ($9.73).
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on RMV. Royal Bank of Canada lifted their price target on Rightmove from GBX 630 ($8.38) to GBX 750 ($9.98) and gave the company a "sector perform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Rightmove in a research report on Wednesday, March 12th.
Check Out Our Latest Stock Report on Rightmove
Rightmove Price Performance
The business has a 50 day simple moving average of GBX 683.74 and a two-hundred day simple moving average of GBX 655.11. The firm has a market capitalization of £5.79 billion, a P/E ratio of 29.80, a price-to-earnings-growth 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 (LON:RMV - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. On average, sell-side analysts expect that Rightmove plc will post 30.2327791 EPS for the current fiscal year.
Rightmove Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 6.10 ($0.08) per share. This is an increase from Rightmove's previous dividend of $3.70. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 24th. Rightmove's payout ratio is currently 36.10%.
About Rightmove
(
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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.
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