Rightmove plc (LON:RMV) Given Average Recommendation of “Hold” by Analysts

Rightmove plc (LON:RMV) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 708.67.

A number of analysts have weighed in on RMV shares. Berenberg Bank reduced their price objective on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research note on Monday, November 10th. Jefferies Financial Group reduced their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 885 price objective on shares of Rightmove in a research report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on Rightmove from GBX 500 to GBX 527 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada upgraded Rightmove to an “outperform” rating and decreased their price target for the stock from GBX 805 to GBX 775 in a research note on Monday, November 10th.

Rightmove Price Performance

Shares of LON:RMV opened at GBX 505 on Monday. The business has a fifty day moving average price of GBX 524.09 and a 200-day moving average price of GBX 654.71. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The company has a market capitalization of £3.84 billion, a PE ratio of 19.42, a PEG ratio of 2.58 and a beta of 1.05. Rightmove has a 1-year low of GBX 474.50 and a 1-year high of GBX 827.

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.