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

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

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

Rightmove Price Performance

LON:RMV opened at GBX 512 on Thursday. Rightmove has a 52-week low of GBX 474.50 and a 52-week high of GBX 827. The stock has a fifty day moving average of GBX 573.17 and a 200 day moving average of GBX 690.32. 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 firm has a market capitalization of £3.91 billion, a price-to-earnings ratio of 19.69, a P/E/G 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.