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

Rightmove plc (LON:RMV) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 708.67.

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

Rightmove Price Performance

Shares of LON RMV opened at GBX 438.90 on Friday. The company has a fifty day moving average price of GBX 503.83 and a 200 day moving average price of GBX 625.71. The firm has a market cap of £3.33 billion, a PE ratio of 16.88, a PEG ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. Rightmove has a 1-year low of GBX 428.40 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.