Rightmove plc (LON:RMV) Receives Consensus Recommendation of “Hold” from Analysts

Rightmove plc (LON:RMV) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 708.67.

A number of equities analysts recently weighed in on RMV shares. Peel Hunt reissued a “buy” rating and set a GBX 885 target price on shares of Rightmove in a research note on Friday, November 7th. Jefferies Financial Group decreased their price target on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a report on Tuesday, November 25th. Berenberg Bank dropped their price objective on Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada raised Rightmove to an “outperform” rating and decreased their target price for the stock from GBX 805 to GBX 775 in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted their target price on Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a report on Wednesday, December 3rd.

Rightmove Stock Down 0.3%

Shares of LON RMV opened at GBX 515.01 on Thursday. The company’s 50 day moving average price is GBX 582.66 and its 200-day moving average price is GBX 696.33. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. Rightmove has a 52-week low of GBX 474.50 and a 52-week high of GBX 827. The company has a market capitalization of £3.93 billion, a P/E ratio of 19.81, 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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.