Rightmove plc (LON:RMV) Receives Consensus Rating of “Hold” from Analysts

Rightmove plc (LON:RMV) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 708.67.

RMV has been the subject of a number of analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 885 price objective on shares of Rightmove in a research report on Friday, November 7th. Royal Bank Of Canada upgraded 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. JPMorgan Chase & Co. boosted their price target on 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 cut their price objective on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th. Finally, Berenberg Bank decreased their target price on Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a report on Monday, November 10th.

Rightmove Trading Up 0.8%

LON RMV opened at GBX 438.90 on Friday. Rightmove has a 12 month low of GBX 428.40 and a 12 month high of GBX 827. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The stock has a 50 day moving average of GBX 503.83 and a 200-day moving average of GBX 625.71. The company has a market cap of £3.33 billion, a PE ratio of 16.88, a PEG ratio of 2.58 and a beta of 1.05.

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. 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.