Rightmove Plc (RMV) Stock Rating Reaffirmed by Peel Hunt
Rightmove Plc (LON:RMV)‘s stock had its “hold” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Friday. They currently have a GBX 4,000 ($52.78) price target on the stock. Peel Hunt’s price objective would suggest a potential downside of 2.73% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 5,000 ($65.98) target price on shares of Rightmove Plc in a research report on Friday, August 4th. Barclays PLC reissued an “underweight” rating on shares of Rightmove Plc in a research report on Monday, July 31st. Shore Capital reissued a “hold” rating on shares of Rightmove Plc in a research report on Friday, July 28th. Investec reissued a “buy” rating on shares of Rightmove Plc in a research report on Friday, July 28th. Finally, Deutsche Bank AG increased their price target on Rightmove Plc from GBX 3,880 ($51.20) to GBX 4,000 ($52.78) and gave the company a “hold” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Rightmove Plc currently has a consensus rating of “Hold” and an average target price of GBX 4,226.44 ($55.77).
Shares of Rightmove Plc (RMV) opened at GBX 4,112.28 ($54.27) on Friday. Rightmove Plc has a twelve month low of GBX 3,604 ($47.56) and a twelve month high of GBX 4,374 ($57.72).
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In other news, insider Peter Brooks-Johnson sold 30,907 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of GBX 4,103 ($54.14), for a total value of £1,268,114.21 ($1,673,415.43).
About Rightmove Plc
Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.
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