Rightmove Rating Reiterated by BNP Paribas (RMV)
Rightmove (LON:RMV)‘s stock had its “outperform” rating restated by equities researchers at BNP Paribas in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 3,200 ($52.53) price target on the stock. BNP Paribas’ target price suggests a potential upside of 23.84% from the stock’s previous close.
Shares of Rightmove (LON:RMV) traded down 0.08% on Wednesday, hitting GBX 2582.00. The stock had a trading volume of 59,848 shares. Rightmove has a one year low of GBX 1580.00 and a one year high of GBX 2814.00. The stock has a 50-day moving average of GBX 2603.88 and a 200-day moving average of GBX 2466.. The company’s market cap is £2.586 billion.
RMV has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd raised their price target on shares of Rightmove from GBX 3,027 ($49.69) to GBX 3,270 ($53.68) in a research note to investors on Monday, January 13th. They now have an “add” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Rightmove in a research note to investors on Thursday, January 9th. They now have a GBX 3,000 ($49.24) price target on the stock. Finally, analysts at UBS AG downgraded shares of Rightmove to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a GBX 3,020 ($49.57) price target on the stock, up previously from GBX 2,600 ($42.68). Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Rightmove has a consensus rating of “Buy” and an average target price of GBX 2,743.46 ($45.03).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
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