Rightmove (LON:RMV) Rating Increased to Neutral at Goldman Sachs Group

Share on StockTwits

Rightmove (LON:RMV) was upgraded by investment analysts at Goldman Sachs Group to a “neutral” rating in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 653 ($8.53) target price on the stock, up from their previous target price of GBX 522 ($6.82). Goldman Sachs Group’s target price indicates a potential upside of 2.58% from the stock’s previous close.

Several other analysts also recently weighed in on RMV. Deutsche Bank reissued a “hold” rating on shares of Rightmove in a report on Tuesday, October 22nd. Peel Hunt reaffirmed a “reduce” rating and set a GBX 450 ($5.88) price objective on shares of Rightmove in a research note on Friday, November 22nd. Shore Capital downgraded Rightmove to a “sell” rating in a research note on Friday, November 1st. Peel Hunt reaffirmed a “reduce” rating and set a GBX 450 ($5.88) price objective on shares of Rightmove in a research note on Friday, November 22nd. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rightmove in a research note on Thursday, September 26th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Rightmove currently has a consensus rating of “Sell” and an average price target of GBX 517.67 ($6.76).

Rightmove stock opened at GBX 636.60 ($8.32) on Tuesday. Rightmove has a fifty-two week low of GBX 415.20 ($5.43) and a fifty-two week high of GBX 641 ($8.38). The company has a debt-to-equity ratio of 26.58, a quick ratio of 1.81 and a current ratio of 1.94. The company has a market capitalization of $5.46 billion and a P/E ratio of 33.86. The stock has a 50-day simple moving average of GBX 595.19 and a 200-day simple moving average of GBX 556.50.

In other Rightmove news, insider Peter Brooks-Johnson sold 254,510 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of GBX 542 ($7.08), for a total transaction of £1,379,444.20 ($1,802,488.17).

Rightmove Company Profile

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.

Read More: What is a good dividend yield?

Analyst Recommendations for Rightmove (LON:RMV)

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.