Rightmove plc (LON:RMV) Receives GBX 704.17 Average Target Price from Brokerages

Shares of Rightmove plc (LON:RMV) have earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 708.67.

A number of equities research analysts have weighed in on RMV shares. Royal Bank Of Canada upgraded Rightmove to an “outperform” rating and lowered their price objective for the company from GBX 805 to GBX 775 in a research note on Monday, November 10th. Peel Hunt reiterated a “buy” rating and set a GBX 885 target price on shares of Rightmove in a research note on Friday, November 7th. Jefferies Financial Group decreased their price target 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. JPMorgan Chase & Co. upped their price target on shares of Rightmove from GBX 500 to GBX 527 and gave the company an “underweight” rating in a report on Wednesday. Finally, Berenberg Bank decreased their price objective on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a report on Monday, November 10th.

Rightmove Stock Down 0.9%

Shares of Rightmove stock opened at GBX 527.84 on Friday. Rightmove has a 1-year low of GBX 474.50 and a 1-year high of GBX 827. The company has a market capitalization of £4.05 billion, a PE ratio of 20.30, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The business has a 50-day moving average of GBX 630.10 and a 200-day moving average of GBX 719.05.

Rightmove Company Profile

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.