Rightmove (LON:RMV) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Rightmove (LON:RMV) had its price target increased by analysts at JPMorgan Chase & Co. from GBX 500 to GBX 527 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 0.16% from the company’s previous close.

Several other equities research analysts also recently issued reports on RMV. Peel Hunt restated a “buy” rating and issued a GBX 885 price objective on shares of Rightmove in a research note on Friday, November 7th. Royal Bank Of Canada upgraded shares of Rightmove to an “outperform” rating and decreased their price target for the stock from GBX 805 to GBX 775 in a research report on Monday, November 10th. Berenberg Bank dropped their price objective on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group cut their price objective on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 708.67.

Rightmove Stock Performance

RMV opened at GBX 527.84 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The stock’s 50 day moving average price is GBX 630.10 and its two-hundred day moving average price is GBX 719.05. The firm has a market capitalization of £4.05 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. Rightmove has a 12-month low of GBX 474.50 and a 12-month high of GBX 827.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.