Shore Capital Reaffirms Buy Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research report issued to clients and investors on Friday, MarketBeat Ratings reports.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 775 ($10.09) target price on shares of Rightmove in a report on Friday. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rightmove currently has an average rating of “Hold” and an average price target of GBX 644.33 ($8.39).

Rightmove Trading Down 1.3 %

Rightmove stock opened at GBX 588.40 ($7.66) on Friday. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The business’s fifty day simple moving average is GBX 633.40 and its two-hundred day simple moving average is GBX 577.17. Rightmove has a 12 month low of GBX 469.30 ($6.11) and a 12 month high of GBX 710 ($9.24). The company has a market capitalization of £4.63 billion, a price-to-earnings ratio of 2,353.60, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.

About Rightmove

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.