Rightmove plc (LON:RMV) Given Consensus Rating of “Hold” by Brokerages

Shares of Rightmove plc (LON:RMVGet Free Report) have been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 599.13 ($7.51).

Several research analysts recently weighed in on RMV shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 605 ($7.58) target price on shares of Rightmove in a report on Monday, November 20th. Citigroup reissued a “sell” rating on shares of Rightmove in a report on Wednesday, November 22nd. Shore Capital reissued a “hold” rating on shares of Rightmove in a report on Monday, November 27th. Finally, Numis Securities raised shares of Rightmove to a “buy” rating and increased their price objective for the company from GBX 660 ($8.27) to GBX 675 ($8.46) in a report on Monday, November 27th.

Read Our Latest Stock Analysis on RMV

Rightmove Trading Up 0.1 %

Shares of RMV stock opened at GBX 556.80 ($6.98) on Wednesday. The company has a market cap of £4.46 billion, a price-to-earnings ratio of 2,320.00, a PEG ratio of 2.58 and a beta of 0.97. The company has a debt-to-equity ratio of 11.43, a current ratio of 2.64 and a quick ratio of 2.55. The firm has a fifty day moving average price of GBX 559.31 and a 200-day moving average price of GBX 547.15. Rightmove has a 1 year low of GBX 457.70 ($5.74) and a 1 year high of GBX 604.40 ($7.58).

Insider Activity

In related news, insider Alison Dolan sold 2,012 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of GBX 559 ($7.01), for a total value of £11,247.08 ($14,099.39). Corporate insiders own 0.44% of the company’s stock.

Rightmove Company Profile

(Get Free Report

Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords.

See Also

Analyst Recommendations for Rightmove (LON:RMV)

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