Morgan Stanley Trims Rightmove (LON:RMV) Target Price to GBX 490
Rightmove (LON:RMV) had its target price trimmed by Morgan Stanley from GBX 500 ($6.15) to GBX 490 ($6.03) in a research report released on Friday morning, Stock Target Advisor reports. The brokerage currently has an equal weight rating on the stock.
RMV has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on shares of Rightmove from GBX 435 ($5.35) to GBX 428 ($5.27) and set a neutral rating for the company in a research note on Wednesday, June 24th. Liberum Capital reissued a hold rating on shares of Rightmove in a research note on Tuesday, June 23rd. Goldman Sachs Group decreased their price target on shares of Rightmove from GBX 668 ($8.22) to GBX 617 ($7.59) and set a buy rating for the company in a research note on Wednesday, April 1st. Credit Suisse Group increased their price target on shares of Rightmove from GBX 470 ($5.78) to GBX 560 ($6.89) and gave the stock a neutral rating in a research note on Wednesday, June 24th. Finally, Royal Bank of Canada downgraded shares of Rightmove to an underperform rating and decreased their price target for the stock from GBX 550 ($6.77) to GBX 440 ($5.41) in a research note on Wednesday, April 15th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 498.93 ($6.14).
Shares of LON:RMV opened at GBX 545 ($6.71) on Friday. The company has a market cap of $4.72 billion and a price-to-earnings ratio of 27.95. The company has a 50-day moving average price of GBX 555.98 and a 200-day moving average price of GBX 579.29. The company has a current ratio of 1.43, a quick ratio of 1.34 and a debt-to-equity ratio of 29.53. Rightmove has a 12 month low of GBX 373.10 ($4.59) and a 12 month high of GBX 710.60 ($8.74).
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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