Peel Hunt reaffirmed their reduce rating on shares of Rightmove (LON:RMV) in a report released on Monday morning, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the company. Deutsche Bank reaffirmed a hold rating on shares of Rightmove in a research note on Tuesday, October 22nd. Liberum Capital reaffirmed a hold rating on shares of Rightmove in a research note on Thursday, September 26th. UBS Group reissued a sell rating on shares of Rightmove in a research note on Friday, August 2nd. Finally, Shore Capital downgraded Rightmove to a sell rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has a consensus rating of Sell and an average target price of GBX 2,383.50 ($31.14).

LON RMV opened at GBX 598.60 ($7.82) on Monday. The stock’s 50-day moving average price is GBX 568.53 and its 200-day moving average price is GBX 550.10. The company has a quick ratio of 1.81, a current ratio of 1.94 and a debt-to-equity ratio of 26.58. Rightmove has a 52 week low of GBX 415.20 ($5.43) and a 52 week high of GBX 603.53 ($7.89). The company has a market capitalization of $5.21 billion and a P/E ratio of 31.84.

In related news, insider Peter Brooks-Johnson sold 254,510 shares of Rightmove stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of GBX 542 ($7.08), for a total transaction of £1,379,444.20 ($1,802,488.17).

About Rightmove

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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Analyst Recommendations for Rightmove (LON:RMV)

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