Breaking: Canaccord Genuity Reconfirms GBX 3850 Price Target On Rightmove (LON:RMV) Shares, Reconfirms Their Original Buy Rating

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Rightmove (LON:RMV) Rating Reaffirmed

Recently, In analysts report sent to investors on Thursday, 3 December, Rightmove (LON:RMV) shares have had their Buy Rating has decided to reaffirm by investment analysts at Canaccord Genuity, who currently has a GBX 3850 target price per share on firm. This target by Canaccord Genuity may imply the possibile downside of -7.67% from the previous stock close.

From a total of 20 analysts covering Rightmove PLC (LON:RMV) stock, 9 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is GBX 4900 while the lowest target price is GBX 2131. The mean of all analyst targets is GBX 3683.15 with a -7.79% below today’s (GBX 4146) stock price. Rightmove PLC was the topic of 38 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 3 with “Buy” rating. Canaccord Genuity maintained shares with “Buy” rating and GBX 3850 target share price in a report from an October 28. UBS maintained RMV stock in a recent report from November 24 with “Buy” rating. Barclays Capital maintained the rating on October 28. Barclays Capital has a “Overweight” rating and a GBX 4200 price target on shares. Finally, Numis Securities maintained the stock with “Buy” rating in a report issued on a November 6.

Approximately 47,670 shares of stock traded hands. Rightmove Plc (LON:RMV) has risen 31.31% since May 6, 2015 and is uptrending. It has outperformed by 31.60% the S&P500.

Breaking: Canaccord Genuity Reconfirms GBX 3850 Price Target On Rightmove (LON:RMV) Shares, Reconfirms Their Original Buy Rating

Rightmove plc is a United Kingdom-based firm engaged in operating a property portal. The company has a market cap of 3.97 billion GBP. The Company’s principal business is the operation of the Website, rightmove.co.uk, which provides details of all properties available to buy or rent. It has 39.5 P/E ratio. The Company’s platform provides an online property search.

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