Rightmove (OTCMKTS:RTMVY) Price Target Cut to GBX 618 by Analysts at Credit Suisse Group

Rightmove (OTCMKTS:RTMVYGet Rating) had its target price cut by Credit Suisse Group from GBX 650 ($8.01) to GBX 618 ($7.62) in a report released on Friday morning, The Fly reports.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Rightmove in a report on Thursday, January 20th. They set a neutral rating for the company. Morgan Stanley upgraded shares of Rightmove from an underweight rating to an equal weight rating in a report on Tuesday, March 1st. Berenberg Bank boosted their price objective on shares of Rightmove from GBX 710 ($8.75) to GBX 740 ($9.12) in a research report on Tuesday, March 1st. Bank of America raised shares of Rightmove from a neutral rating to a buy rating in a research report on Thursday. Finally, Royal Bank of Canada raised shares of Rightmove from an underperform rating to a sector perform rating in a research report on Thursday, March 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Rightmove presently has an average rating of Hold and a consensus price target of $679.00.

Shares of OTCMKTS RTMVY opened at $13.74 on Friday. The firm has a 50 day moving average price of $16.13 and a 200 day moving average price of $18.05. Rightmove has a 52-week low of $13.00 and a 52-week high of $22.09.

The company also recently declared a dividend, which will be paid on Monday, June 13th. Shareholders of record on Friday, April 29th will be given a dividend of $0.1104 per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 28th.

About Rightmove (Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Rightmove (OTCMKTS:RTMVY)

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.