Brokerages Set Rightmove plc (LON:RMV) PT at GBX 708.67

Shares of Rightmove plc (LON:RMV) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 708.67.

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

Rightmove Price Performance

Shares of LON RMV opened at GBX 437.80 on Friday. The stock’s 50-day moving average is GBX 501.87 and its two-hundred day moving average is GBX 620.85. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. Rightmove has a 1-year low of GBX 428.40 and a 1-year high of GBX 827. The company has a market cap of £3.32 billion, a price-to-earnings ratio of 16.84, 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.