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.
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.
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