Berenberg Bank Lowers Rightmove (LON:RMV) Price Target to GBX 785

Rightmove (LON:RMV) had its price target cut by investment analysts at Berenberg Bank from GBX 850 to GBX 785 in a research report issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 37.62% from the company’s previous close.

Several other research analysts also recently issued reports on RMV. Royal Bank Of Canada upped their price target on shares of Rightmove from GBX 750 to GBX 805 and gave the stock a “sector perform” rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 target price on shares of Rightmove in a research note on Monday, July 28th. Peel Hunt reissued a “buy” rating and set a GBX 885 price target on shares of Rightmove in a research note on Friday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 763.

Rightmove Price Performance

Rightmove stock opened at GBX 570.40 on Monday. The business’s fifty day moving average is GBX 697.98 and its two-hundred day moving average is GBX 744.39. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The firm has a market cap of £4.37 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.58 and a beta of 1.05. Rightmove has a 52 week low of GBX 474.50 and a 52 week high of GBX 827.

Rightmove Company Profile

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.