Rightmove (LON:RMV) Price Target Increased to GBX 545 by Analysts at UBS Group
Rightmove (LON:RMV) had its price objective hoisted by UBS Group from GBX 500 ($6.15) to GBX 545 ($6.71) in a report released on Friday, Stock Target Advisor reports. The firm currently has a neutral rating on the stock.
A number of other research firms also recently weighed in on RMV. Credit Suisse Group increased their price objective on Rightmove from GBX 470 ($5.78) to GBX 560 ($6.89) and gave the company a neutral rating in a report on Wednesday, June 24th. Jefferies Financial Group decreased their price target on Rightmove from GBX 500 ($6.15) to GBX 340 ($4.18) and set an underperform rating for the company in a report on Wednesday, March 25th. Liberum Capital reiterated a hold rating on shares of Rightmove in a report on Tuesday, June 23rd. Citigroup reiterated a sell rating on shares of Rightmove in a report on Thursday, June 18th. Finally, Goldman Sachs Group decreased their price target on Rightmove from GBX 668 ($8.22) to GBX 617 ($7.59) and set a buy rating for the company in a report on Wednesday, April 1st. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 505.71 ($6.22).
LON RMV opened at GBX 564.20 ($6.94) on Friday. The company has a market capitalization of $4.75 billion and a price-to-earnings ratio of 28.29. Rightmove has a twelve month low of GBX 373.10 ($4.59) and a twelve month high of GBX 710.60 ($8.74). The stock has a fifty day simple moving average of GBX 566.44 and a 200 day simple moving average of GBX 573.43. The company has a quick ratio of 1.34, a current ratio of 1.43 and a debt-to-equity ratio of 29.53.
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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