Rightmove plc (LON:RMV) Given Consensus Rating of “Hold” by Brokerages

Shares of Rightmove plc (LON:RMV) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 708.67.

Several research analysts have issued reports on RMV shares. Jefferies Financial Group cut their price target on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a research report on Wednesday, December 3rd. Berenberg Bank reduced their price target on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research report on Monday, November 10th. Royal Bank Of Canada upgraded shares of Rightmove to an “outperform” rating and decreased their price target for the company from GBX 805 to GBX 775 in a research note on Monday, November 10th. Finally, Peel Hunt restated a “buy” rating and set a GBX 885 price objective on shares of Rightmove in a report on Friday, November 7th.

Rightmove Stock Performance

Shares of RMV opened at GBX 515.01 on Thursday. Rightmove has a one year low of GBX 474.50 and a one year high of GBX 827. The company has a market cap of £3.93 billion, a PE ratio of 19.81, a P/E/G ratio of 2.58 and a beta of 1.05. The stock has a 50-day moving average of GBX 582.66 and a 200-day moving average of GBX 696.33. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55.

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.