Rightmove (LON:RMV) Sets New 12-Month High - Here's Why

Rightmove plc (LON:RMV - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 762 ($10.14) and last traded at GBX 760.20 ($10.11), with a volume of 9204393 shares traded. The stock had previously closed at GBX 756.08 ($10.06).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RMV shares. 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 note on Monday, March 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Rightmove in a report on Wednesday, March 12th.

Rightmove Stock Up 0.8 %

The firm has a market capitalization of £5.84 billion, a P/E ratio of 30.07, 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 current ratio of 1.83 and a quick ratio of 2.55. The stock has a fifty day moving average of GBX 705.47 and a 200 day moving average of GBX 666.13.

Rightmove (LON:RMV - Get Free Report) last posted its quarterly earnings results 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, research analysts anticipate that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

Rightmove Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 6.10 ($0.08) per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Rightmove's previous dividend of $3.70. Rightmove's dividend payout ratio is currently 36.10%.

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.