Rightmove’s (RMV) Buy Rating Reaffirmed at Peel Hunt

Rightmove (LON:RMV)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a GBX 885 target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 54.26% from the stock’s current price.

Several other equities analysts have also commented on RMV. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 price target on shares of Rightmove in a research report on Monday, July 28th. Berenberg Bank upped their price objective on Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a research report on Friday, October 10th. Finally, Royal Bank Of Canada boosted their price target on Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 796.40.

Rightmove Trading Down 12.5%

Shares of LON RMV traded down GBX 81.71 on Friday, reaching GBX 573.69. 24,167,318 shares of the company traded hands, compared to its average volume of 5,171,865. The stock has a market capitalization of £4.40 billion, a PE ratio of 22.07, a P/E/G ratio of 2.58 and a beta of 1.05. Rightmove has a fifty-two week low of GBX 474.50 and a fifty-two week high of GBX 827. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The company has a 50 day moving average of GBX 701.37 and a 200 day moving average of GBX 745.52.

About Rightmove

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.