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

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

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

Rightmove Price Performance

Shares of RMV opened at GBX 510.60 on Monday. 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 has a 1-year low of GBX 474.50 and a 1-year high of GBX 827. The stock has a market cap of £3.88 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The firm has a fifty day moving average price of GBX 530.04 and a 200 day moving average price of GBX 664.48.

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.