Rightmove (LON:RMV) Rating Reaffirmed
In recent note finalized on 7 December, The “Neutral” rating of Rightmove (LON:RMV) shares was maintained by Goldman Sachs, who now has a GBX 4184.00 target price on the stock. Goldman Sachs’s target price provides a possible upside of 2.40% from the closing share price of the company.
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 3718.15 with a -6.64% below today’s (GBX 4095) stock price. Rightmove PLC was the topic of 39 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 3 with “Buy” rating. Numis Securities maintained shares with “Buy” rating and GBX 4070 target share price in a report from a November 6. Liberum Capital maintained RMV stock in a recent report from December 2 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, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a November 9.
Approximately 65,712 shares of stock traded hands. Rightmove Plc (LON:RMV) has risen 25.20% since May 8, 2015 and is uptrending. It has outperformed by 26.28% the S&P500.
Rightmove plc is a United Kingdom-based firm engaged in operating a property portal. The company has a market cap of 3.92 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 39.01 P/E ratio. The Company’s platform provides an online property search.