Rightmove plc (OTCMKTS:RTMVY) to Issue Dividend of $0.07

Rightmove plc (OTCMKTS:RTMVYGet Rating) declared a dividend on Thursday, September 22nd, investing.com reports. Stockholders of record on Friday, September 30th will be paid a dividend of 0.0709 per share on Monday, November 14th. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 29th.

Rightmove Stock Performance

Shares of Rightmove stock opened at $13.39 on Thursday. The business has a 50-day moving average price of $14.71 and a 200-day moving average price of $15.04. Rightmove has a twelve month low of $12.80 and a twelve month high of $22.09.

Wall Street Analyst Weigh In

Several research firms recently commented on RTMVY. HSBC began coverage on Rightmove in a research report on Wednesday. They issued a “reduce” rating for the company. JPMorgan Chase & Co. upgraded Rightmove from an “underweight” rating to a “neutral” rating in a research report on Friday, May 27th. UBS Group dropped their target price on Rightmove from GBX 740 ($8.94) to GBX 670 ($8.10) in a research report on Thursday, July 7th. Morgan Stanley dropped their target price on Rightmove from GBX 724 ($8.75) to GBX 640 ($7.73) in a research report on Tuesday, May 31st. Finally, Investec upgraded Rightmove from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $655.60.

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.

Further Reading

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