Rightmove (OTCMKTS:RTMVY) Upgraded by Investec to Hold

Investec upgraded shares of Rightmove (OTCMKTS:RTMVYGet Rating) from a sell rating to a hold rating in a research note issued to investors on Monday, The Fly reports.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised Rightmove from an underweight rating to a neutral rating in a report on Friday, May 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Rightmove from GBX 600 ($7.35) to GBX 610 ($7.47) in a report on Thursday, July 28th. UBS Group decreased their price objective on Rightmove from GBX 740 ($9.07) to GBX 670 ($8.21) in a report on Thursday, July 7th. Bank of America raised Rightmove from a neutral rating to a buy rating in a report on Thursday, May 12th. Finally, Morgan Stanley decreased their price objective on Rightmove from GBX 724 ($8.87) to GBX 640 ($7.84) in a report on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $655.60.

Rightmove Stock Up 3.2 %

Shares of Rightmove stock opened at $16.05 on Monday. Rightmove has a one year low of $12.80 and a one year high of $22.09. The business has a 50-day simple moving average of $14.35 and a 200 day simple moving average of $15.71.

Rightmove Company Profile

(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.