Peel Hunt Reaffirms Reduce Rating for Rightmove (RMV)
Rightmove (LON:RMV)‘s stock had its “reduce” rating reiterated by equities research analysts at Peel Hunt in a research note issued on Wednesday.
Several other research firms have also weighed in on RMV. Deutsche Bank upgraded shares of Rightmove to a “buy” rating in a report on Tuesday. UBS Group upgraded shares of Rightmove to a “buy” rating in a report on Monday, October 22nd. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 4,583.17 ($59.89).
RMV traded up GBX 4.60 ($0.06) during mid-day trading on Wednesday, hitting GBX 453.65 ($5.93). The stock had a trading volume of 2,763,899 shares, compared to its average volume of 285,308. Rightmove has a 1-year low of GBX 3,846 ($50.25) and a 1-year high of GBX 4,595 ($60.04).
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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