Analysts Set Rightmove plc (LON:RMV) Target Price at GBX 708.67

Shares of Rightmove plc (LON:RMV) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 708.67.

Several equities research analysts recently issued reports on RMV shares. Peel Hunt reissued a “buy” rating and issued a GBX 885 target price on shares of Rightmove in a research report on Friday, November 7th. Berenberg Bank cut their price target on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group decreased their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Rightmove from GBX 500 to GBX 527 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada raised Rightmove to an “outperform” rating and cut their target price for the stock from GBX 805 to GBX 775 in a research report on Monday, November 10th.

Rightmove Trading Down 0.3%

Shares of RMV stock opened at GBX 515.01 on Thursday. The firm has a 50-day moving average price of GBX 576.17 and a 200 day moving average price of GBX 692.79. Rightmove has a twelve month low of GBX 474.50 and a twelve month high of GBX 827. The company has a market capitalization of £3.93 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15.

About Rightmove

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.