Jefferies Financial Group Issues Pessimistic Forecast for Rightmove (LON:RMV) Stock Price

Rightmove (LON:RMV) had its price objective dropped by equities research analysts at Jefferies Financial Group from GBX 485 to GBX 465 in a research report issued on Tuesday, MarketBeat reports. The brokerage presently has an “underperform” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 13.65% from the stock’s current price.

RMV has been the topic of several other reports. Peel Hunt reissued a “buy” rating and set a GBX 885 price target on shares of Rightmove in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 815 price objective on shares of Rightmove in a research report on Monday, July 28th. Royal Bank Of Canada raised Rightmove to an “outperform” rating and dropped their target price for the stock from GBX 805 to GBX 775 in a research report on Monday, November 10th. JPMorgan Chase & Co. reduced their price target on shares of Rightmove from GBX 627 to GBX 555 and set an “underweight” rating for the company in a research report on Monday, November 10th. Finally, Berenberg Bank lowered their price objective on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 704.17.

Rightmove Stock Up 0.3%

Shares of Rightmove stock opened at GBX 538.50 on Tuesday. Rightmove has a twelve month low of GBX 474.50 and a twelve month high of GBX 827. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The company’s 50 day moving average is GBX 651.82 and its 200 day moving average is GBX 727.31. The company has a market cap of £4.13 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.