Rightmove Plc (RMV) Receives GBX 4,362.29 Average PT from Brokerages
Rightmove Plc (LON:RMV) has been given a consensus rating of “Hold” by the eighteen research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 4,362.29 ($61.16).
Several research firms have recently commented on RMV. Peel Hunt reissued a “hold” rating and issued a GBX 4,400 ($61.69) target price on shares of Rightmove in a report on Tuesday. Deutsche Bank reissued a “hold” rating on shares of Rightmove in a report on Wednesday, January 31st. Barclays boosted their target price on shares of Rightmove from GBX 3,700 ($51.88) to GBX 4,000 ($56.09) and gave the stock an “underweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. cut shares of Rightmove to an “underweight” rating and reduced their price target for the stock from GBX 4,183 ($58.65) to GBX 4,168 ($58.44) in a research report on Thursday, January 18th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 5,000 ($70.11) price target on shares of Rightmove in a research report on Monday, January 15th.
Rightmove (LON:RMV) traded down GBX 24 ($0.34) during mid-day trading on Tuesday, hitting GBX 4,230 ($59.31). 409,657 shares of the stock traded hands, compared to its average volume of 253,086. Rightmove has a 1 year low of GBX 3,846 ($53.93) and a 1 year high of GBX 4,595 ($64.43). The stock has a market capitalization of $3,850.00 and a P/E ratio of 2,937.50.
Rightmove Company Profile
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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