Rightmove Given New GBX 3,000 Price Target at Canaccord Genuity (RMV)
Analysts at Canaccord Genuity upped their price objective on shares of Rightmove (LON:RMV) from GBX 2,800 ($45.30) to GBX 3,000 ($48.54) in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 15.03% from the stock’s previous close.
Shares of Rightmove (LON:RMV) traded up 0.38% on Wednesday, hitting GBX 2628.00. 48,877 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 2668.00. The stock has a 50-day moving average of GBX 2379. and a 200-day moving average of GBX 2170.. The company’s market cap is £2.632 billion.
A number of other firms have also recently commented on RMV. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Rightmove in a research note to investors on Friday, October 25th. They now have a GBX 3,300 ($53.39) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Rightmove in a research note to investors on Wednesday, October 16th. They now have a GBX 2,570 ($41.58) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Rightmove in a research note to investors on Monday, October 7th. They now have a GBX 3,000 ($48.54) price target on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 2,649.53 ($42.87).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
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