Rightmove's (RMV) Buy Rating Reiterated at Berenberg Bank

Rightmove (LON:RMV - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 650 ($8.55) price objective on the stock. Berenberg Bank's price target suggests a potential downside of 1.52% from the stock's previous close.

A number of other research analysts have also issued reports on the stock. Shore Capital restated a "buy" rating on shares of Rightmove in a research note on Monday. JPMorgan Chase & Co. reissued an "underweight" rating and issued a GBX 483 ($6.35) price target on shares of Rightmove in a report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 602.67 ($7.92).

Rightmove Stock Down 6.8 %

Rightmove stock traded down GBX 48 ($0.63) during midday trading on Tuesday, hitting GBX 660 ($8.68). 9,596,877 shares of the company's stock were exchanged, compared to its average volume of 2,859,652. The company has a market cap of £5.21 billion, a PE ratio of 2,640.00, a P/E/G ratio of 2.58 and a beta of 1.05. The firm has a 50-day moving average of GBX 555.37 and a two-hundred day moving average of GBX 549.99. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. Rightmove has a 12 month low of GBX 457.70 ($6.02) and a 12 month high of GBX 709 ($9.32).

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.