Rightmove (LON:RMV) Price target lowered to GBX 608 at Credit Suisse Group
Movement to the right (LON:RMV – Get a rating) had its price target lowered by Credit Suisse Group research analysts from GBX 618 ($7.47) to GBX 608 ($7.35) in a research report released on Friday, Marketbeat reports. The company currently has a “neutral” rating on the stock. Credit Suisse Group’s price target indicates upside potential of 1.67% from the current share price.
A number of other stock analysts have also weighed in on RMV recently. Royal Bank of Canada upgraded Rightmove to a “neutral” rating and lowered its target price for the company from GBX 617 ($7.46) to GBX 574 ($6.94) in a Friday, May 27 report. Barclays reiterated an “underweight” rating and issued a GBX 610 ($7.37) target price on Rightmove shares in a Wednesday, June 1 report. JPMorgan Chase & Co. raised its price target on Rightmove from GBX 574 ($6.94) to GBX 634 ($7.66) and gave the company a “neutral” rating in a Monday, August 8 report. Finally, Shore Capital reissued a “hold” rating on Rightmove shares in a Friday, July 29 research note. One equity research analyst has assigned the stock a sell rating, eight have issued a hold rating and two have assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 663.25 ($8.01).
Rightmove price performance
Shares of RMV opened at GBX 598 ($7.23) on Friday. The company has a market cap of £5.01 billion and a price to earnings ratio of 2,720.00. Rightmove has a fifty-two week minimum of GBX 518.50 ($6.27) and a fifty-two week maximum of GBX 810 ($9.79). The company has a debt ratio of 15.41, a current ratio of 2.75 and a quick ratio of 2.55. The company’s 50-day moving average is 622.32 GBX and its 200-day moving average is 608.40 GBX.
Rightmove plc, together with its subsidiaries, operates UK and international property portals. It operates through the Agency, New Homes and Others segments. The Agency segment provides real estate resale and rental services on its platforms. She also offers tenant referrals and rental guarantee insurance services to landlords.
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