Rightmove plc (RMV) Earns “Hold” Rating from Jefferies Group LLC
Rightmove plc (LON:RMV)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. They presently have a GBX 4,000 ($53.33) target price on the stock. Jefferies Group LLC’s price objective suggests a potential downside of 0.35% from the stock’s previous close.
A number of other research analysts also recently issued reports on the stock. Liberum Capital restated a “buy” rating and set a GBX 5,000 ($66.66) target price on shares of Rightmove in a research report on Friday, August 4th. Deutsche Bank AG upped their target price on shares of Rightmove from GBX 3,880 ($51.73) to GBX 4,000 ($53.33) and gave the company a “hold” rating in a research report on Monday, July 31st. J P Morgan Chase & Co restated a “neutral” rating on shares of Rightmove in a research report on Monday, July 31st. Peel Hunt restated a “hold” rating and set a GBX 4,000 ($53.33) target price on shares of Rightmove in a research report on Monday, September 4th. Finally, Barclays PLC restated an “underweight” rating on shares of Rightmove in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Rightmove currently has a consensus rating of “Hold” and an average target price of GBX 4,226.44 ($56.35).
Shares of Rightmove (LON RMV) traded down GBX 6 ($0.08) during midday trading on Monday, reaching GBX 4,014 ($53.51). 219,656 shares of the company traded hands, compared to its average volume of 270,389. Rightmove has a 1-year low of GBX 3,638 ($48.50) and a 1-year high of GBX 4,374 ($58.31).
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Rightmove Company Profile
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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