Several other equities research analysts have also issued reports on the company. J P Morgan Chase & Co dropped their price objective on Rightmove from GBX 4,292 ($57.77) to GBX 4,183 ($56.30) and set a neutral rating for the company in a research note on Thursday, November 30th. Jefferies Group reaffirmed a hold rating and set a GBX 4,000 ($53.84) price target on shares of Rightmove in a research note on Monday, November 27th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 5,000 ($67.29) price target on shares of Rightmove in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Rightmove currently has an average rating of Hold and an average price target of GBX 4,222.17 ($56.83).
Shares of Rightmove (LON:RMV) opened at GBX 4,181.29 ($56.28) on Monday. Rightmove has a 52 week low of GBX 3,638 ($48.96) and a 52 week high of GBX 4,374 ($58.87).
In related news, insider Peter Brooks-Johnson sold 30,907 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of GBX 4,103 ($55.22), for a total transaction of £1,268,114.21 ($1,706,748.60).
COPYRIGHT VIOLATION NOTICE: “Peel Hunt Reaffirms “Hold” Rating for Rightmove (RMV)” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.thestockobserver.com/2017/12/07/peel-hunt-reaffirms-hold-rating-for-rightmove-rmv.html.
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.
Receive News & Ratings for Rightmove plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove plc and related companies with MarketBeat.com's FREE daily email newsletter.