Shore Capital Reiterates Buy Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a report issued on Wednesday, MarketBeat.com reports.

Several other research firms have also recently issued reports on RMV. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 483 ($6.17) target price on shares of Rightmove in a research report on Thursday, June 6th. Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.31) price target on shares of Rightmove in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, Rightmove has an average rating of “Hold” and a consensus price target of GBX 602.67 ($7.70).

Rightmove Price Performance

Shares of LON RMV opened at GBX 532.40 ($6.80) on Wednesday. The stock has a fifty day moving average price of GBX 554.90 and a 200 day moving average price of GBX 549.58. Rightmove has a 1-year low of GBX 457.70 ($5.85) and a 1-year high of GBX 603 ($7.71). The company has a debt-to-equity ratio of 10.67, a current ratio of 2.41 and a quick ratio of 2.55. The company has a market cap of £4.23 billion, a PE ratio of 2,218.33, a P/E/G ratio of 2.58 and a beta of 0.95.

About Rightmove

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.