Rightmove (LON:RMV) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Rightmove (LON:RMV) in a report published on Friday morning, Marketbeat reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 775 ($10.09) price objective on shares of Rightmove in a report on Friday. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 644.33 ($8.39).

Rightmove Stock Performance

Shares of RMV stock opened at GBX 592.44 ($7.71) on Friday. Rightmove has a 12-month low of GBX 469.30 ($6.11) and a 12-month high of GBX 710 ($9.24). The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The firm has a market capitalization of £4.66 billion, a price-to-earnings ratio of 2,353.60, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The business has a 50 day simple moving average of GBX 633.40 and a 200 day simple moving average of GBX 577.61.

Rightmove Company Profile

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.