Rightmove (LON:RMV) had its price target boosted by equities researchers at Deutsche Bank from GBX 4,000 ($54.26) to GBX 4,300 ($58.33) in a research note issued to investors on Monday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential downside of 9.53% from the company’s previous close.
A number of other analysts have also commented on the company. Peel Hunt reissued a “hold” rating and set a GBX 4,400 ($59.69) price target on shares of Rightmove in a research note on Monday, March 5th. Morgan Stanley lifted their price target on Rightmove from GBX 4,400 ($59.69) to GBX 4,500 ($61.04) and gave the company an “equal weight” rating in a research note on Thursday, March 1st. Barclays lifted their price target on Rightmove from GBX 4,000 ($54.26) to GBX 4,020 ($54.53) and gave the company an “underweight” rating in a research note on Monday, February 26th. UBS reissued a “neutral” rating and set a GBX 4,300 ($58.33) price target on shares of Rightmove in a research note on Friday, February 23rd. Finally, Liberum Capital reissued a “buy” rating and set a GBX 5,000 ($67.82) price target on shares of Rightmove in a research note on Thursday, March 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 4,411.18 ($59.84).
Shares of RMV stock opened at GBX 4,753 ($64.47) on Monday. Rightmove has a 12 month low of GBX 3,846 ($52.17) and a 12 month high of GBX 4,595 ($62.33).
Rightmove (LON:RMV) last announced its quarterly earnings results on Friday, February 23rd. The company reported GBX 163.30 ($2.22) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 160.70 ($2.18) by GBX 2.60 ($0.04). Rightmove had a return on equity of 1,086.69% and a net margin of 59.28%. The firm had revenue of £243.27 million for the quarter.
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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