Rightmove (RMV) Lifted to “Buy” at Deutsche Bank

Rightmove (LON:RMV) was upgraded by investment analysts at Deutsche Bank to a “buy” rating in a research note issued to investors on Tuesday.

Several other brokerages also recently weighed in on RMV. Peel Hunt reiterated a “reduce” rating on shares of Rightmove in a report on Wednesday, September 5th. UBS Group upgraded Rightmove to a “buy” rating in a report on Monday, October 22nd. Six analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Rightmove has a consensus rating of “Hold” and a consensus price target of GBX 4,583.17 ($59.89).

Shares of LON RMV opened at GBX 439.55 ($5.74) on Tuesday. Rightmove has a fifty-two week low of GBX 3,846 ($50.25) and a fifty-two week high of GBX 4,595 ($60.04).

In other Rightmove news, insider Peter Brooks-Johnson purchased 31,233 shares of Rightmove stock in a transaction dated Tuesday, November 27th. The shares were purchased at an average cost of GBX 437 ($5.71) per share, for a total transaction of £136,488.21 ($178,346.02).

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.

See Also: Market Capitalization

Analyst Recommendations for Rightmove (LON:RMV)

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply