Rightmove (LON:RMV) Receives “Sell” Rating from UBS Group

UBS Group restated their sell rating on shares of Rightmove (LON:RMV) in a report released on Friday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the stock. Deutsche Bank upped their price target on shares of Rightmove from GBX 550 ($7.23) to GBX 640 ($8.42) and gave the company a hold rating in a report on Tuesday, February 4th. Peel Hunt reaffirmed a reduce rating and issued a GBX 450 ($5.92) price target on shares of Rightmove in a report on Friday, November 22nd. Goldman Sachs Group upped their price target on shares of Rightmove from GBX 653 ($8.59) to GBX 692 ($9.10) and gave the company a neutral rating in a report on Monday, January 20th. Jefferies Financial Group began coverage on shares of Rightmove in a report on Tuesday, December 10th. They issued an underperform rating and a GBX 500 ($6.58) price target on the stock. Finally, Shore Capital lowered shares of Rightmove to a sell rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 587.22 ($7.72).

Shares of RMV opened at GBX 671.20 ($8.83) on Friday. Rightmove has a 1 year low of GBX 447 ($5.88) and a 1 year high of GBX 710.60 ($9.35). The company has a debt-to-equity ratio of 26.58, a current ratio of 1.94 and a quick ratio of 1.81. The company has a market capitalization of $5.89 billion and a price-to-earnings ratio of 35.70. The business has a 50-day moving average of GBX 670.64 and a 200-day moving average of GBX 600.06.

Rightmove Company Profile

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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Analyst Recommendations for Rightmove (LON:RMV)

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