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

Peel Hunt restated their reduce rating on shares of Rightmove (LON:RMV) in a report published on Wednesday morning.

Several other equities analysts have also recently commented on the stock. UBS Group raised shares of Rightmove to a buy rating in a research report on Monday, October 22nd. Deutsche Bank reiterated a hold rating on shares of Rightmove in a research note on Wednesday, September 12th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 4,583.17 ($59.89).

Rightmove stock opened at GBX 440.95 ($5.76) on Wednesday. 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 related news, insider Peter Brooks-Johnson acquired 31,233 shares of Rightmove stock in a transaction on 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.

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