Berenberg Bank Reiterates “Buy” Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report issued on Friday, Marketbeat reports. They currently have a GBX 775 ($10.09) target price on the stock. Berenberg Bank’s target price indicates a potential upside of 31.71% from the company’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of Rightmove in a research report on Monday, September 2nd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 644.33 ($8.39).

Rightmove Price Performance

Shares of LON:RMV opened at GBX 588.40 ($7.66) on Friday. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. Rightmove has a twelve month low of GBX 469.30 ($6.11) and a twelve month high of GBX 710 ($9.24). The stock’s 50 day moving average is GBX 633.40 and its 200-day moving average is GBX 577.17. The firm has a market capitalization of £4.63 billion, a price-to-earnings ratio of 2,353.60, a PEG ratio of 2.58 and a beta of 1.05.

Rightmove Company Profile

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.