Rightmove (LON:RMV) Earns Buy Rating from Shore Capital

Rightmove (LON:RMV)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued on Wednesday, Marketbeat.com reports.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 483 ($6.17) price target on shares of Rightmove in a report on Thursday, June 6th. Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.31) target price on shares of Rightmove in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Rightmove has a consensus rating of “Hold” and an average price target of GBX 602.67 ($7.70).

Rightmove Stock Up 2.7 %

Shares of Rightmove stock opened at GBX 532.40 ($6.80) on Wednesday. Rightmove has a 1 year low of GBX 457.70 ($5.85) and a 1 year high of GBX 603 ($7.71). The company has a market cap of £4.23 billion, a P/E ratio of 2,218.33, a P/E/G ratio of 2.58 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 2.55 and a debt-to-equity ratio of 10.67. The stock has a 50-day moving average price of GBX 554.90 and a 200 day moving average price of GBX 549.58.

Rightmove Company Profile

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.