Peel Hunt Raises Rightmove (RMV) Price Target to GBX 4,400
Rightmove (LON:RMV) had its target price increased by stock analysts at Peel Hunt from GBX 4,000 ($54.24) to GBX 4,400 ($59.67) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Peel Hunt’s price target points to a potential downside of 3.13% from the company’s previous close.
RMV has been the topic of a number of other reports. Jefferies Group reaffirmed a “hold” rating and set a GBX 4,000 ($54.24) price target on shares of Rightmove in a research report on Monday, November 27th. Liberum Capital reissued a “buy” rating and issued a GBX 5,000 ($67.81) target price on shares of Rightmove in a report on Tuesday, December 19th. Deutsche Bank reissued a “hold” rating and issued a GBX 4,000 ($54.24) target price on shares of Rightmove in a report on Monday, December 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Rightmove from GBX 4,292 ($58.20) to GBX 4,183 ($56.73) and set a “neutral” rating on the stock in a report on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 4,249.81 ($57.63).
Rightmove (RMV) opened at GBX 4,542 ($61.59) on Wednesday. Rightmove has a 1 year low of GBX 3,846 ($52.16) and a 1 year high of GBX 4,595 ($62.31). The company has a market cap of $4,150.00 and a PE ratio of 3,154.17.
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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