Liberum Capital Reiterates “Buy” Rating for Rightmove (RMV)
Rightmove (LON:RMV)‘s stock had its “buy” rating restated by Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 5,000 ($67.29) price target on the stock. Liberum Capital’s target price would suggest a potential upside of 11.46% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Jefferies Group reissued a “hold” rating and set a GBX 4,000 ($53.84) target price on shares of Rightmove in a research report on Monday, November 27th. Peel Hunt reissued a “hold” rating and set a GBX 4,000 ($53.84) target price on shares of Rightmove in a research report on Friday, November 3rd. Deutsche Bank reissued a “hold” rating and set a GBX 4,000 ($53.84) target price on shares of Rightmove in a research report on Monday, December 4th. Finally, J P Morgan Chase & Co cut their target price on Rightmove from GBX 4,292 ($57.77) to GBX 4,183 ($56.30) and set a “neutral” rating on the stock in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 4,222.17 ($56.83).
Rightmove (LON RMV) opened at GBX 4,486 ($60.38) on Tuesday. Rightmove has a 12-month low of GBX 3,668 ($49.37) and a 12-month high of GBX 4,574 ($61.56).
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Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.
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