Rightmove plc (LON:RMV) Given Average Rating of “Hold” by Brokerages

Shares of Rightmove plc (LON:RMV) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 704.17.

RMV has been the topic of several recent analyst reports. Royal Bank Of Canada raised Rightmove to an “outperform” rating and decreased their price target for the company from GBX 805 to GBX 775 in a research note on Monday, November 10th. Berenberg Bank cut their price objective on Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a report on Monday, November 10th. Peel Hunt reissued a “buy” rating and set a GBX 885 target price on shares of Rightmove in a research note on Friday, November 7th. Jefferies Financial Group reduced their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rightmove from GBX 555 to GBX 500 and set an “underweight” rating for the company in a research report on Tuesday, November 25th.

Rightmove Stock Up 0.6%

RMV opened at GBX 548.60 on Friday. The company has a market cap of £4.21 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a 50-day moving average price of GBX 644.67 and a 200 day moving average price of GBX 724.80. Rightmove has a twelve month low of GBX 474.50 and a twelve month high of GBX 827. 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.