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

by · The Cerbat Gem

Shares of Rightmove plc (LON:RMV – Get Free Report) have received a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 599.13 ($7.62).

Several equities analysts have commented on the stock. Citigroup reiterated a “sell” rating on shares of Rightmove in a research note on Wednesday, November 22nd. Shore Capital reiterated a “hold” rating on shares of Rightmove in a research note on Monday, November 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 605 ($7.70) price target on shares of Rightmove in a research note on Monday, November 20th. Finally, Numis Securities upgraded shares of Rightmove to a “buy” rating and increased their price target for the company from GBX 660 ($8.40) to GBX 675 ($8.59) in a research note on Monday, November 27th.

View Our Latest Analysis on RMV

Rightmove Stock Up 0.1 %

RMV stock opened at GBX 528.80 ($6.73) on Friday. The company’s 50 day moving average price is GBX 547.83 and its 200 day moving average price is GBX 545.33. The company has a debt-to-equity ratio of 11.43, a quick ratio of 2.55 and a current ratio of 2.64. Rightmove has a fifty-two week low of GBX 457.70 ($5.82) and a fifty-two week high of GBX 615.40 ($7.83). The firm has a market capitalization of £4.24 billion, a price-to-earnings ratio of 2,203.33, a PEG ratio of 2.58 and a beta of 0.97.

Insider Activity

In other news, insider Alison Dolan sold 2,012 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of GBX 559 ($7.11), for a total value of £11,247.08 ($14,311.08). Corporate insiders own 0.44% of the company’s stock.

About Rightmove

(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.

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