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

Shares of Rightmove plc (LON:RMV) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 787.40.

RMV has been the subject of several recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 840 price objective on shares of Rightmove in a research report on Friday, July 25th. Royal Bank Of Canada upped their price target on shares of Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a research report on Monday, July 28th. Berenberg Bank upped their price target on shares of Rightmove from GBX 795 to GBX 850 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 815 price target on shares of Rightmove in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a research report on Friday, October 10th.

Rightmove Stock Down 0.4%

Shares of LON:RMV opened at GBX 665.60 on Wednesday. The company has a market capitalization of £5.11 billion, a PE ratio of 25.60, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. Rightmove has a twelve month low of GBX 586.20 and a twelve month high of GBX 827. The firm has a 50 day simple moving average of GBX 705.12 and a 200-day simple moving average of GBX 746.69.

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.