Rightmove Plc (RMV) Stock Rating Reaffirmed by Peel Hunt
Rightmove Plc (LON:RMV)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a note issued to investors on Friday. They presently have a GBX 4,000 ($52.76) target price on the stock. Peel Hunt’s price target suggests a potential downside of 2.27% from the company’s previous close.
RMV has been the subject of several other reports. Barclays PLC reiterated an “underweight” rating on shares of Rightmove Plc in a report on Monday, July 31st. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Rightmove Plc in a report on Monday, July 31st. Liberum Capital reiterated a “buy” rating and issued a GBX 5,000 ($65.95) price target on shares of Rightmove Plc in a report on Friday, July 28th. Shore Capital reiterated a “buy” rating on shares of Rightmove Plc in a report on Wednesday, April 19th. Finally, Jefferies Group LLC increased their price target on Rightmove Plc from GBX 3,500 ($46.17) to GBX 4,000 ($52.76) and gave the company a “hold” rating in a report on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 4,246.11 ($56.01).
Rightmove Plc (LON RMV) opened at 4093.00 on Friday. The company has a 50-day moving average price of GBX 4,227.00 and a 200-day moving average price of GBX 4,151.60. Rightmove Plc has a 12-month low of GBX 3,604.00 and a 12-month high of GBX 4,416.00. The stock’s market capitalization is GBX 3.78 billion.
In other news, insider Robyn Perriss sold 15,129 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of GBX 4,326 ($57.06), for a total transaction of £654,480.54 ($863,316.90).
Rightmove Plc Company Profile
Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.
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