Analysts Set Rightmove plc (LON:RMV) PT at GBX 704.17

Rightmove plc (LON:RMV) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 704.17.

Several brokerages have issued reports on RMV. Royal Bank Of Canada raised Rightmove to an “outperform” rating and dropped their price target for the company from GBX 805 to GBX 775 in a research note on Monday, November 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 885 price objective on shares of Rightmove in a research note on Friday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of Rightmove from GBX 555 to GBX 500 and set an “underweight” rating on the stock in a research report on Tuesday, November 25th. Jefferies Financial Group decreased their target price on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th. Finally, Berenberg Bank cut their price target on Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research note on Monday, November 10th.

Rightmove Stock Down 2.3%

Shares of LON:RMV opened at GBX 532 on Friday. The company has a market capitalization of £4.08 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The business’s 50-day moving average is GBX 637.27 and its 200-day moving average is GBX 721.71. Rightmove has a 1 year low of GBX 474.50 and a 1 year high of GBX 827.

Rightmove Company Profile

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.