Rightmove (LON:RMV) Price Target Cut to GBX 555 by Analysts at JPMorgan Chase & Co.

Rightmove (LON:RMV) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 627 to GBX 555 in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 2.70% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Berenberg Bank decreased their target price on Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 target price on shares of Rightmove in a research report on Monday, July 28th. Peel Hunt reissued a “buy” rating and set a GBX 885 price target on shares of Rightmove in a research report on Friday. Finally, Royal Bank Of Canada upgraded shares of Rightmove to an “outperform” rating and dropped their price objective for the company from GBX 805 to GBX 775 in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 763.

Rightmove Stock Down 0.6%

LON:RMV opened at GBX 570.40 on Monday. Rightmove has a 52 week low of GBX 474.50 and a 52 week high of GBX 827. The stock’s fifty day moving average is GBX 697.98 and its two-hundred day moving average is GBX 744.39. The stock has a market capitalization of £4.37 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

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.