Rightmove PT Raised to GBX 3,030 at JPMorgan Chase & Co. (RMV)
Investment analysts at JPMorgan Chase & Co. boosted their target price on shares of Rightmove (LON:RMV) from GBX 2,667 ($43.74) to GBX 3,030 ($49.70) in a note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 11.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec initiated coverage on shares of Rightmove in a research note to investors on Thursday, December 19th. They set a “hold” rating and a GBX 2,500 ($41.00) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Rightmove in a research note to investors on Tuesday, December 10th. They now have a GBX 2,650 ($43.46) price target on the stock. Finally, analysts at Jefferies Group upgraded shares of Rightmove to a “hold” rating in a research note to investors on Friday, December 6th. They now have a GBX 2,260 ($37.07) price target on the stock, up previously from GBX 1,588 ($26.05). Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,694.80 ($44.20).
Shares of Rightmove (LON:RMV) traded down 3.25% on Wednesday, hitting GBX 2711.00. 235,036 shares of the company’s stock traded hands. Rightmove has a 52 week low of GBX 1478.00 and a 52 week high of GBX 2810.00. The stock has a 50-day moving average of GBX 2569.83 and a 200-day moving average of GBX 2429.. The company’s market cap is £2.715 billion.
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.