Rightmove (LON:RMV) Stock Rating Reaffirmed by Shore Capital
Rightmove (LON:RMV)‘s stock had its “sell” rating reissued by research analysts at Shore Capital in a research report issued on Friday, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also recently weighed in on RMV. Citigroup reiterated a “sell” rating on shares of Rightmove in a research report on Thursday, June 18th. Royal Bank of Canada cut Rightmove to an “underperform” rating and reduced their price target for the company from GBX 550 ($6.77) to GBX 440 ($5.41) in a research report on Wednesday, April 15th. Morgan Stanley reduced their price target on Rightmove from GBX 500 ($6.15) to GBX 490 ($6.03) and set an “equal weight” rating for the company in a research report on Friday, June 26th. Peel Hunt cut Rightmove to a “hold” rating in a research report on Tuesday, June 23rd. Finally, UBS Group lifted their price target on Rightmove from GBX 500 ($6.15) to GBX 545 ($6.71) and gave the company a “neutral” rating in a research report on Friday, July 10th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Rightmove currently has a consensus rating of “Hold” and an average price target of GBX 505.71 ($6.22).
Shares of LON RMV opened at GBX 553.20 ($6.81) on Friday. The stock has a market cap of $4.83 billion and a PE ratio of 28.37. Rightmove has a fifty-two week low of GBX 5.43 ($0.07) and a fifty-two week high of GBX 710.60 ($8.74). The company has a debt-to-equity ratio of 29.53, a quick ratio of 1.34 and a current ratio of 1.43. The stock has a fifty day moving average of GBX 563.96 and a 200-day moving average of GBX 567.36.
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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