Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

702.80p
   
  • Change Today:
    -8.80p
  • 52 Week High: 746.80
  • 52 Week Low: 555.80
  • Currency: UK Pounds
  • Shares Issued: 852.34m
  • Volume: 1,461,718
  • Market Cap: 5,990m
  • RiskGrade: 130

Liberum reinitiates coverage of Rightmove at 'buy'

By Michele Maatouk

Date: Wednesday 15 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Liberum reinitiated coverage of Rightmove on Wednesday with a 'buy' rating, up from 'hold' previously, and a price target of 820p, up from 535p.
The broker said Rightmove's dominant market position underpins its ability to drive consistent long-term growth.

Liberum noted that as of H1 2021, Rightmove is driving most of its growth by getting customers to upgrade their packages.

"This is high-quality growth, and we estimate there is a circa 25m revenue opportunity just from upselling 35% of the Essential base."

It estimated that Rightmove will deliver a 9% earnings per share compound annual growth rate from 2021 to 2023.

"Additionally, we think consensus EPS estimates are too low," Liberum said. "It can deliver defensive growth within its core business and has started to develop additional revenue streams, monetising its significant consumer and estate agent base."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rightmove Market Data

Currency UK Pounds
Share Price 702.80p
Change Today -8.80p
% Change -1.24 %
52 Week High 746.80
52 Week Low 555.80
Volume 1,461,718
Shares Issued 852.34m
Market Cap 5,990m
RiskGrade 130

Rightmove Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.42% below the market average85.42% below the market average85.42% below the market average85.42% below the market average85.42% below the market average
91.84% below the sector average91.84% below the sector average91.84% below the sector average91.84% below the sector average91.84% below the sector average
Price Trend
28.11% above the market average28.11% above the market average28.11% above the market average28.11% above the market average28.11% above the market average
5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average
Income
88.19% below the market average88.19% below the market average88.19% below the market average88.19% below the market average88.19% below the market average
83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average
Growth
85.51% below the market average85.51% below the market average85.51% below the market average85.51% below the market average85.51% below the market average
88.68% below the sector average88.68% below the sector average88.68% below the sector average88.68% below the sector average88.68% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 5
Sell 2
Strong Sell 6
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rightmove Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Sep-21 29-Apr-21
Paid 29-Oct-21 28-May-21
Amount 3.00p 4.50p

Trades for 22-Oct-2021

Time Volume / Share Price
16:45 25 @ 702.00p
16:45 25 @ 702.00p
16:37 6,222 @ 702.80p
16:35 469 @ 702.80p
16:35 2,260 @ 702.80p

Rightmove Key Personnel

CEO Peter Brooks-Johnson
CFO Alison Dolan

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