Rightmove’s “Overweight” Rating Reaffirmed at Morgan Stanley (RMV)
Rightmove (LON:RMV)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 3,000 ($49.20) target price on the stock. Morgan Stanley’s price objective points to a potential upside of 10.66% from the stock’s previous close.
RMV has been the subject of a number of other recent research reports. Analysts at UBS AG downgraded shares of Rightmove to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 3,020 ($49.53) price target on the stock, up previously from GBX 2,600 ($42.64). Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Rightmove from GBX 2,667 ($43.74) to GBX 3,030 ($49.70) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, 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. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,712.76 ($44.49).
Shares of Rightmove (LON:RMV) opened at 2717.00 on Thursday. Rightmove has a one year low of GBX 1485.00 and a one year high of GBX 2814.00. 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 £2.721 billion.
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
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