Rightmove Price Target Raised to GBX 3,485 at Citigroup Inc. (RMV)
Investment analysts at Citigroup Inc. lifted their price objective on shares of Rightmove (LON:RMV) from GBX 3,000 ($49.43) to GBX 3,485 ($57.42) in a note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 41.09% from the company’s current price.
Rightmove (LON:RMV) traded up 0.08% on Monday, hitting GBX 2470.00. The stock had a trading volume of 172,169 shares. Rightmove has a 52-week low of GBX 1665.00 and a 52-week high of GBX 2814.00. The stock has a 50-day moving average of GBX 2607.36 and a 200-day moving average of GBX 2474.13. The company’s market cap is £2.474 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Rightmove in a research note to investors on Wednesday, January 22nd. They now have a GBX 3,200 ($52.73) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Rightmove from GBX 3,027 ($49.88) to GBX 3,270 ($53.88) in a research note to investors on Monday, January 13th. They now have an “add” rating on the stock. Finally, 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 ($49.43) price target on the stock. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,785.23 ($45.89).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
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