Rightmove plc (LON:RMV) Receives Average Recommendation of “Hold” from Brokerages

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

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

Rightmove Stock Performance

Shares of LON RMV opened at GBX 536 on Friday. The stock’s fifty day simple moving average is GBX 626.77 and its 200 day simple moving average is GBX 717.19. The stock has a market capitalization of £4.09 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. Rightmove has a 52-week low of GBX 474.50 and a 52-week high of GBX 827.

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.