Rightmove (OTCMKTS:RTMVY) Upgraded to “Neutral” by JPMorgan Chase & Co.

Rightmove (OTCMKTS:RTMVYGet Rating) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Friday, The Fly reports.

Several other brokerages have also recently issued reports on RTMVY. Credit Suisse Group reduced their price objective on Rightmove from GBX 650 ($8.18) to GBX 618 ($7.78) in a research note on Friday, May 13th. Morgan Stanley upgraded shares of Rightmove from an “underweight” rating to an “equal weight” rating in a research note 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, May 12th. Berenberg Bank lifted their price objective on shares of Rightmove from GBX 710 ($8.93) to GBX 740 ($9.31) in a research report on Tuesday, March 1st. Finally, Royal Bank of Canada raised Rightmove from an “underperform” rating to a “sector perform” rating in a report on Thursday, March 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Rightmove currently has an average rating of “Hold” and an average target price of $679.00.

Rightmove stock opened at $14.86 on Friday. Rightmove has a 52-week low of $13.00 and a 52-week high of $22.09. The company’s 50 day moving average is $15.64 and its two-hundred day moving average is $17.74.

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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