Rightmove PLC (LON:RMV) Rating Reaffirmed
Analysts at Deutsche Bank now has a GBX 3200.00 target on Rightmove PLC (LON:RMV). Deutsche Bank and their recent target provides a potential downside of -19.92% from the company’s last stock close price. The rating has been revealed to clients and investors in a recent report on Wednesday morning.
From a total of 19 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 3740.53 with a -3.73% below today’s (GBX 3996) stock price. Rightmove PLC was the topic of 41 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 9 with “Hold” rating. UBS maintained shares with “Buy” rating and GBX 3900 target share price in a report from a November 24. Canaccord Genuity maintained RMV stock in a recent report from December 3 with “Buy” rating. BNP Paribas maintained the rating on November 9. BNP Paribas has a “Outperform” rating and a GBX 4100 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a December 2.
The stock closed the day at GBX 3996 during the previous session. It is down 27.91% since May 12, 2015 and is uptrending. It has outperformed by 28.71% the S&P500.
Rightmove plc is a United Kingdom-based firm engaged in operating a property portal. The company has a market cap of 3.93 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 38.07 P/E ratio. The Company’s platform provides an online property search.