Analysts Set Rightmove plc (LON:RMV) PT at GBX 708.67

Rightmove plc (LON:RMV) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 708.67.

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

Rightmove Stock Down 0.7%

RMV opened at GBX 512 on Thursday. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The company has a market capitalization of £3.91 billion, a PE ratio of 19.69, a P/E/G ratio of 2.58 and a beta of 1.05. The stock’s fifty day moving average is GBX 573.17 and its 200-day moving average is GBX 690.32. Rightmove has a one year low of GBX 474.50 and a one year 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. 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.