Rightmove Plc (RMV) Receives Consensus Recommendation of “Hold” from Analysts
Rightmove Plc (LON:RMV) has earned an average rating of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,265.89 ($55.70).
RMV has been the topic of several recent analyst reports. Shore Capital restated a “buy” rating on shares of Rightmove Plc in a research report on Wednesday, April 19th. Jefferies Group LLC raised their price objective on shares of Rightmove Plc from GBX 3,500 ($45.70) to GBX 4,000 ($52.23) and gave the company a “hold” rating in a research report on Tuesday, June 13th. Liberum Capital restated a “buy” rating and set a GBX 5,000 ($65.29) price objective on shares of Rightmove Plc in a research report on Tuesday, June 6th. BNP Paribas restated an “outperform” rating and set a GBX 5,000 ($65.29) price objective on shares of Rightmove Plc in a research report on Thursday, March 30th. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 4,120 ($53.80) price objective on shares of Rightmove Plc in a research report on Thursday, March 30th.
Shares of Rightmove Plc (RMV) traded down 0.02% during midday trading on Friday, reaching GBX 4304.00. 94,479 shares of the company’s stock were exchanged. Rightmove Plc has a one year low of GBX 3,604.00 and a one year high of GBX 4,416.00. The firm has a 50 day moving average of GBX 4,235.11 and a 200-day moving average of GBX 4,135.70. The stock’s market cap is GBX 4.00 billion.
In other news, insider Robyn Perriss sold 15,129 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of GBX 4,326 ($56.49), for a total value of £654,480.54 ($854,636.38). Also, insider Scott Forbes sold 100,000 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of GBX 4,264 ($55.68), for a total transaction of £4,264,000 ($5,568,033.43).
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About Rightmove Plc
Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.
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