Rightmove (LON:RMV) Receives New Coverage from Analysts at Societe Generale
Societe Generale assumed coverage on shares of Rightmove (LON:RMV) in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. The brokerage issued a buy rating and a GBX 845 ($11.12) target price on the stock.
A number of other equities research analysts have also recently commented on the company. Liberum Capital reissued a hold rating on shares of Rightmove in a research note on Tuesday, January 14th. Shore Capital cut Rightmove to a sell rating in a research note on Friday, November 1st. UBS Group increased their target price on Rightmove from GBX 540 ($7.10) to GBX 550 ($7.23) and gave the stock a sell rating in a research note on Monday, February 3rd. Goldman Sachs Group increased their price objective on Rightmove from GBX 653 ($8.59) to GBX 692 ($9.10) and gave the company a neutral rating in a research report on Monday, January 20th. Finally, JPMorgan Chase & Co. cut Rightmove to a neutral rating and increased their price objective for the company from GBX 433 ($5.70) to GBX 658 ($8.66) in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 587.22 ($7.72).
LON RMV opened at GBX 687.60 ($9.04) on Tuesday. Rightmove has a 12 month low of GBX 447 ($5.88) and a 12 month high of GBX 710.60 ($9.35). The stock has a market cap of $6.03 billion and a P/E ratio of 36.57. The stock’s fifty day moving average price is GBX 661.68 and its 200-day moving average price is GBX 591.89. The company has a current ratio of 1.94, a quick ratio of 1.81 and a debt-to-equity ratio of 26.58.
Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
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