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Rightmove's (RMV) "Buy" Rating Reaffirmed at Shore Capital

Rightmove logo with Communication Services background

Rightmove (LON:RMV - Get Free Report)'s stock had its "buy" rating restated by analysts at Shore Capital in a research report issued to clients and investors on Friday, Marketbeat reports.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 775 ($10.09) price objective on shares of Rightmove in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 644.33 ($8.39).

Check Out Our Latest Report on Rightmove

Rightmove Trading Down 0.7 %

RMV traded down GBX 3.97 ($0.05) during trading on Friday, hitting GBX 592.44 ($7.71). 5,693,006 shares of the stock were exchanged, compared to its average volume of 3,811,160. 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 £4.66 billion, a price-to-earnings ratio of 2,369.74, a P/E/G ratio of 2.58 and a beta of 1.05. The firm has a 50 day simple moving average of GBX 632.85 and a 200 day simple moving average of GBX 576.27. Rightmove has a 1 year low of GBX 469.30 ($6.11) and a 1 year high of GBX 710 ($9.24).

About Rightmove

(Get Free Report)

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.

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Analyst Recommendations for Rightmove (LON:RMV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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