Peel Hunt Reaffirms “Hold” Rating for Rightmove (RMV)

Peel Hunt reiterated their hold rating on shares of Rightmove (LON:RMV) in a research report released on Monday. Peel Hunt currently has a GBX 4,000 ($53.84) price target on the stock.

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).

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About Rightmove

Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the Website. The Company’s Website and mobile platforms provide online property search. The Company’s segments include Agency, New Homes and Other.

Analyst Recommendations for Rightmove (LON:RMV)

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