Rightmove’s (RMV) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Rightmove (LON:RMV) in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 775 ($9.97) price objective on the stock.

Separately, Shore Capital reiterated a “buy” rating on shares of Rightmove in a research report on Monday, September 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 644.33 ($8.29).

Rightmove Stock Up 0.6 %

LON:RMV opened at GBX 592 ($7.62) on Friday. The stock’s fifty day moving average price is GBX 633.40 and its two-hundred day moving average price is GBX 577.61. Rightmove has a 52-week low of GBX 480.70 ($6.19) and a 52-week high of GBX 710 ($9.14). The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The company has a market cap of £4.65 billion, a price-to-earnings ratio of 2,379.16, a P/E/G 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.