Jefferies Financial Group Has Lowered Expectations for Rightmove (LON:RMV) Stock Price

Rightmove (LON:RMV) had its price objective lowered by investment analysts at Jefferies Financial Group from GBX 485 to GBX 465 in a research report issued on Tuesday,Digital Look reports. The firm currently has an “underperform” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 13.12% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Rightmove from GBX 627 to GBX 555 and set an “underweight” rating for the company in a research note on Monday, November 10th. Berenberg Bank cut their price objective on Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research report on Monday, November 10th. Royal Bank Of Canada upgraded Rightmove to an “outperform” rating and decreased their target price for the stock from GBX 805 to GBX 775 in a research report on Monday, November 10th. Peel Hunt reissued a “buy” rating and set a GBX 885 price target on shares of Rightmove in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 price objective on shares of Rightmove in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 704.17.

Rightmove Price Performance

RMV traded down GBX 1.40 on Tuesday, hitting GBX 535.20. 7,346,774 shares of the company’s stock traded hands, compared to its average volume of 7,184,230. The company’s 50 day simple moving average is GBX 659.11 and its 200-day simple moving average is GBX 730.14. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. Rightmove has a one year low of GBX 474.50 and a one year high of GBX 827. The firm has a market cap of £4.10 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 2.58 and a beta of 1.05.

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.