Rightmove’s (RMV) Hold Rating Reaffirmed at Peel Hunt

Rightmove (LON:RMV)‘s stock had its “hold” rating reissued by investment analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 4,400 ($61.69) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 0.09% from the stock’s current price.

Several other brokerages have also recently commented on RMV. JPMorgan Chase & Co. lowered shares of Rightmove to an “underweight” rating and decreased their price target for the company from GBX 4,183 ($58.65) to GBX 4,168 ($58.44) in a report on Thursday, January 18th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 4,000 ($56.09) price target on shares of Rightmove in a report on Monday, December 4th. Liberum Capital reaffirmed a “buy” rating and set a GBX 5,000 ($70.11) price target on shares of Rightmove in a report on Monday, January 15th. Goldman Sachs Group lowered shares of Rightmove to a “sell” rating and lifted their price target for the company from GBX 3,959 ($55.51) to GBX 4,280 ($60.01) in a report on Tuesday, January 23rd. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 4,000 ($56.09) price target on shares of Rightmove in a report on Monday, November 27th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Rightmove has a consensus rating of “Hold” and a consensus target price of GBX 4,338.13 ($60.83).

Rightmove (LON RMV) opened at GBX 4,396 ($61.64) on Tuesday. The company has a market cap of $3,900.00 and a P/E ratio of 3,052.78. Rightmove has a 12-month low of GBX 3,846 ($53.93) and a 12-month high of GBX 4,595 ($64.43).

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Rightmove Company Profile

Rightmove plc is a United Kingdom-based company, which operates as a property portal. The Company’s principal business is the operation of the rightmove.co.uk 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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