Peel Hunt Reiterates “Buy” Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued on Friday, Marketbeat Ratings reports. They presently have a GBX 885 price target on the stock. Peel Hunt’s target price indicates a potential upside of 54.26% from the stock’s current price.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. reissued 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 upped their target price on Rightmove from GBX 795 to GBX 850 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada raised their price target on Rightmove from GBX 750 to GBX 805 and gave the stock a “sector perform” rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 796.40.

Rightmove Price Performance

Shares of LON:RMV traded down GBX 81.71 during trading on Friday, hitting GBX 573.69. 24,167,318 shares of the stock were exchanged, compared to its average volume of 5,171,865. The company has a market cap of £4.40 billion, a PE ratio of 22.07, a P/E/G 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. The company has a fifty day moving average price of GBX 701.37 and a two-hundred day moving average price of GBX 745.52. Rightmove has a 12-month low of GBX 474.50 and a 12-month 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.