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

Peel Hunt reissued their buy rating on shares of Rightmove (LON:RMV) in a research note issued to investors on Friday, Marketbeat Ratings reports. Peel Hunt currently has a GBX 885 target price on the stock.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 815 price target on shares of Rightmove in a research report on Monday, July 28th. Berenberg Bank raised their price objective on shares of Rightmove from GBX 795 to GBX 850 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Rightmove from GBX 750 to GBX 805 and gave the stock a “sector perform” rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 796.40.

Rightmove Stock Performance

Shares of RMV traded down GBX 81.71 during trading hours on Friday, reaching GBX 573.69. 24,167,318 shares of the company’s stock traded hands, compared to its average volume of 5,171,865. Rightmove has a twelve month low of GBX 474.50 and a twelve month high of GBX 827. The business’s fifty day simple moving average is GBX 697.98 and its two-hundred day simple moving average is GBX 744.35. 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 firm has a market capitalization of £4.40 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.58 and a beta of 1.05.

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.