Rightmove (LON:RMV) Price Target Cut to GBX 465 by Analysts at Jefferies Financial Group

Rightmove (LON:RMV) had its price objective cut by research analysts at Jefferies Financial Group from GBX 485 to GBX 465 in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has an “underperform” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 13.12% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price objective on Rightmove from GBX 627 to GBX 555 and set an “underweight” rating on the stock in a report on Monday, November 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 885 target price on shares of Rightmove in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 815 price target on shares of Rightmove in a report on Monday, July 28th. Royal Bank Of Canada raised shares of Rightmove to an “outperform” rating and dropped their price objective for the company from GBX 805 to GBX 775 in a report on Monday, November 10th. Finally, Berenberg Bank reduced their target price on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 704.17.

Rightmove Stock Performance

Shares of RMV traded down GBX 1.40 during trading hours on Tuesday, reaching GBX 535.20. 7,346,774 shares of the company traded hands, compared to its average volume of 7,184,230. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The business has a fifty day moving average price of GBX 659.11 and a 200-day moving average price of GBX 730.14. Rightmove has a 12-month low of GBX 474.50 and a 12-month high of GBX 827. The stock has a market capitalization of £4.10 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.58 and a beta of 1.05.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.