Rightmove Rating Reiterated by Citigroup Inc. (RMV)
Rightmove (LON:RMV)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Wednesday, ARN reports. They currently have a GBX 3,000 ($48.40) price target on the stock. Citigroup Inc.’s price target suggests a potential upside of 26.53% from the stock’s previous close.
Shares of Rightmove (LON:RMV) traded down 0.59% during mid-day trading on Wednesday, hitting GBX 2357.00. 68,355 shares of the company’s stock traded hands. Rightmove has a 52-week low of GBX 1430.00 and a 52-week high of GBX 2507.00. The stock’s 50-day moving average is GBX 2372. and its 200-day moving average is GBX 2086.. The company’s market cap is £2.361 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Rightmove (LON:RMV) in a research note to investors on Wednesday. They set an “outperform” rating and a GBX 2,770 ($44.69) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Rightmove (LON:RMV) in a research note to investors on Monday. They now have a GBX 2,570 ($41.46) price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Rightmove (LON:RMV) in a research note to investors on Thursday, September 19th. They now have a GBX 2,675 ($43.16) price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Rightmove presently has an average rating of “Buy” and a consensus price target of GBX 2,520.32 ($40.66).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.