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

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

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 775 ($10.09) price target on shares of Rightmove in a research note on Friday. Two 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 company currently has a consensus rating of “Hold” and a consensus price target of GBX 644.33 ($8.39).

Rightmove Stock Performance

Rightmove stock traded down GBX 8 ($0.10) during trading on Friday, reaching GBX 588.40 ($7.66). The company had a trading volume of 1,935,237 shares, compared to its average volume of 3,811,160. Rightmove has a 52 week low of GBX 469.30 ($6.11) and a 52 week high of GBX 710 ($9.24). The firm’s 50-day simple moving average is GBX 633.40 and its 200 day simple moving average is GBX 576.71. The firm has a market capitalization of £4.63 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 company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15.

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.