Citigroup Reaffirms Neutral Rating for Rightmove (LON:RMV)

Rightmove (LON:RMVGet Rating)‘s stock had its “neutral” rating restated by equities research analysts at Citigroup in a note issued to investors on Thursday, Marketbeat Ratings reports.

Several other equities research analysts have also weighed in on RMV. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rightmove in a report on Tuesday, February 8th. Shore Capital restated a “sell” rating on shares of Rightmove in a report on Tuesday, March 1st. Barclays cut their price target on Rightmove from GBX 630 ($7.87) to GBX 610 ($7.62) and set an “underweight” rating for the company in a report on Tuesday, April 5th. Peel Hunt reiterated an “add” rating and set a GBX 740 ($9.24) price target on shares of Rightmove in a report on Friday, February 11th. Finally, Liberum Capital upped their price target on Rightmove from GBX 795 ($9.93) to GBX 800 ($9.99) and gave the stock a “buy” rating in a report on Monday, February 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 655.56 ($8.19).

RMV opened at GBX 613 ($7.66) on Thursday. The business has a 50 day moving average price of GBX 641.39 and a 200 day moving average price of GBX 685.76. Rightmove has a twelve month low of GBX 557.40 ($6.96) and a twelve month high of GBX 810 ($10.12). The company has a debt-to-equity ratio of 15.61, a quick ratio of 2.43 and a current ratio of 2.62. The firm has a market cap of £5.16 billion and a P/E ratio of 28.84.

In related news, insider Peter Brooks-Johnson sold 2,313 shares of the company’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of GBX 656 ($8.19), for a total value of ¬£15,173.28 ($18,954.75).

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.

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Analyst Recommendations for Rightmove (LON:RMV)

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