Rightmove’s (RMV) “Reduce” Rating Reiterated at Peel Hunt

Rightmove (LON:RMV)‘s stock had its “reduce” rating reiterated by analysts at Peel Hunt in a research report issued to clients and investors on Friday.

Several other research firms have also recently weighed in on RMV. Shore Capital reissued a “hold” rating on shares of Rightmove in a research note on Monday, July 23rd. UBS Group cut shares of Rightmove to a “sell” rating and increased their price target for the company from GBX 4,300 ($56.19) to GBX 4,900 ($64.03) in a research note on Friday, July 6th. Barclays reissued an “underweight” rating on shares of Rightmove in a research note on Friday, July 6th. Liberum Capital reissued a “hold” rating and issued a GBX 5,000 ($65.33) price target on shares of Rightmove in a research note on Friday, July 27th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 6,150 ($80.36) price target on shares of Rightmove in a research note on Friday, July 27th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 4,538.31 ($59.30).

RMV stock opened at GBX 460.10 ($6.01) on Friday. Rightmove has a 12 month low of GBX 3,846 ($50.25) and a 12 month high of GBX 4,595 ($60.04).

In other news, insider Robyn Perriss sold 5,234 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of GBX 4,948 ($64.65), for a total value of £258,978.32 ($338,401.05).

About Rightmove

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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