Rightmove (LON:RMV) Stock Rating Reaffirmed by Deutsche Bank
Rightmove (LON:RMV)‘s stock had its “hold” rating restated by Deutsche Bank in a research report issued on Monday, Digital Look reports. They currently have a GBX 540 ($6.65) price objective on the stock. Deutsche Bank’s target price would indicate a potential downside of 1.10% from the company’s current price.
Other analysts also recently issued reports about the company. Goldman Sachs Group cut their target price on Rightmove from GBX 668 ($8.22) to GBX 617 ($7.59) and set a “buy” rating for the company in a research note on Wednesday, April 1st. Peel Hunt cut Rightmove to a “hold” rating in a report on Tuesday, June 23rd. Shore Capital restated a “sell” rating on shares of Rightmove in a report on Tuesday, June 23rd. UBS Group reaffirmed a “neutral” rating on shares of Rightmove in a research report on Monday, June 22nd. Finally, Credit Suisse Group increased their price target on Rightmove from GBX 470 ($5.78) to GBX 560 ($6.89) and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 498.93 ($6.14).
Shares of RMV stock opened at GBX 546 ($6.72) on Monday. The stock has a 50 day simple moving average of GBX 556.37 and a 200-day simple moving average of GBX 578.90. Rightmove has a 1-year low of GBX 373.10 ($4.59) and a 1-year high of GBX 710.60 ($8.74). The company has a debt-to-equity ratio of 29.53, a current ratio of 1.43 and a quick ratio of 1.34. The company has a market cap of $4.72 billion and a price-to-earnings ratio of 27.95.
Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
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