Jefferies Financial Group initiated coverage on shares of Rightmove (LON:RMV) in a report issued on Tuesday, Stock Target Advisor reports. The firm issued an underperform rating and a GBX 500 ($6.58) price target on the stock.
RMV has been the topic of a number of other research reports. Goldman Sachs Group raised Rightmove to a neutral rating and upped their target price for the company from GBX 522 ($6.87) to GBX 653 ($8.59) in a research note on Tuesday, December 3rd. Shore Capital downgraded Rightmove to a sell rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Rightmove from GBX 420 ($5.52) to GBX 433 ($5.70) and gave the stock an underweight rating in a research note on Wednesday, December 4th. Liberum Capital restated a hold rating on shares of Rightmove in a report on Thursday, September 26th. Finally, Deutsche Bank restated a hold rating on shares of Rightmove in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Rightmove currently has a consensus rating of Sell and an average price target of GBX 504.33 ($6.63).
Rightmove stock opened at GBX 605 ($7.96) on Tuesday. The company has a debt-to-equity ratio of 26.58, a current ratio of 1.94 and a quick ratio of 1.81. The firm has a market capitalization of $5.33 billion and a P/E ratio of 32.18. Rightmove has a 1-year low of GBX 415.20 ($5.46) and a 1-year high of GBX 641.20 ($8.43). The company’s 50-day moving average is GBX 605.61 and its 200 day moving average is GBX 559.40.
In related news, insider Peter Brooks-Johnson sold 254,510 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of GBX 542 ($7.13), for a total value of £1,379,444.20 ($1,814,580.64).
Rightmove Company Profile
Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
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