Rightmove (LON:RMV) Sets New 1-Year High – What’s Next?

Rightmove plc (LON:RMV) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 712.40 ($9.32) and last traded at GBX 711.80 ($9.32), with a volume of 25702305 shares traded. The stock had previously closed at GBX 667.20 ($8.73).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RMV. Royal Bank of Canada upped their price target on Rightmove from GBX 630 ($8.25) to GBX 750 ($9.82) and gave the company a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Wednesday, March 12th.

Rightmove Stock Up 2.5 %

The company has a market capitalization of £5.64 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The firm has a fifty day simple moving average of GBX 676.75 and a 200-day simple moving average of GBX 653.13.

Rightmove (LON:RMV) last announced its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) EPS for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. On average, equities research analysts expect that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

Rightmove Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a GBX 6.10 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Rightmove’s previous dividend of $3.70. This represents a dividend yield of 0.9%. Rightmove’s dividend payout ratio (DPR) is 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.