Several other equities research analysts have also recently issued reports on RMV. Liberum Capital raised their price target on shares of Rightmove from GBX 795 ($10.36) to GBX 800 ($10.42) and gave the stock a buy rating in a research note on Monday, February 28th. Peel Hunt reaffirmed an add rating and set a GBX 740 ($9.64) price target on shares of Rightmove in a research note on Friday, February 11th. Barclays decreased their price target on shares of Rightmove from GBX 630 ($8.21) to GBX 610 ($7.95) and set an underweight rating on the stock in a research note on Tuesday, April 5th. JPMorgan Chase & Co. reiterated an underweight rating on shares of Rightmove in a report on Monday, April 4th. Finally, Royal Bank of Canada upgraded shares of Rightmove to a sector perform rating and increased their price objective for the stock from GBX 600 ($7.82) to GBX 630 ($8.21) in a report on Thursday, March 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of GBX 655.56 ($8.54).
Rightmove stock opened at GBX 637.20 ($8.30) on Thursday. Rightmove has a 12-month low of GBX 557.40 ($7.26) and a 12-month high of GBX 810 ($10.56). The stock has a market capitalization of £5.38 billion and a P/E ratio of 29.92. The firm’s 50-day moving average is GBX 643.40 and its two-hundred day moving average is GBX 693.44. The company has a debt-to-equity ratio of 15.61, a current ratio of 2.62 and a quick ratio of 2.43.
In other Rightmove news, insider Peter Brooks-Johnson sold 2,313 shares of the stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of GBX 656 ($8.55), for a total value of £15,173.28 ($19,772.32).
About Rightmove (Get Rating)
Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
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