Rightmove (LON:RMV)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued on Monday, Digital Look reports. They currently have a GBX 540 ($6.65) target price on the stock. Deutsche Bank’s target price indicates a potential downside of 1.10% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Citigroup reissued a “sell” rating on shares of Rightmove in a research report on Thursday, June 18th. Morgan Stanley cut their price target on shares of Rightmove from GBX 500 ($6.15) to GBX 490 ($6.03) and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Goldman Sachs Group cut their price target on shares of Rightmove from GBX 668 ($8.22) to GBX 617 ($7.59) and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Shore Capital reaffirmed a “sell” rating on shares of Rightmove in a report on Tuesday, June 23rd. Finally, Royal Bank of Canada cut shares of Rightmove to an “underperform” rating and dropped their target price for the company from GBX 550 ($6.77) to GBX 440 ($5.41) in a report on Wednesday, April 15th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Rightmove presently has a consensus rating of “Hold” and an average price target of GBX 498.93 ($6.14).
Shares of LON:RMV opened at GBX 546 ($6.72) on Monday. The company’s 50-day moving average price is GBX 556.37 and its two-hundred day moving average price is GBX 578.90. The company has a debt-to-equity ratio of 29.53, a current ratio of 1.43 and a quick ratio of 1.34. Rightmove has a one year low of GBX 373.10 ($4.59) and a one year high of GBX 710.60 ($8.74). The stock has a market capitalization of $4.72 billion and a PE ratio of 27.95.
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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