Rightmove (LON:RMV) Receives New Coverage from Analysts at Societe Generale

Societe Generale assumed coverage on shares of Rightmove (LON:RMV) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage issued a buy rating and a GBX 845 ($11.12) price objective on the stock.

Several other analysts have also issued reports on the company. Peel Hunt reaffirmed a reduce rating on shares of Rightmove in a research note on Monday, January 20th. Deutsche Bank upped their target price on Rightmove from GBX 550 ($7.23) to GBX 640 ($8.42) and gave the stock a hold rating in a research note on Tuesday, February 4th. Shore Capital downgraded Rightmove to a sell rating in a research report on Friday, November 1st. Goldman Sachs Group boosted their price objective on Rightmove from GBX 653 ($8.59) to GBX 692 ($9.10) and gave the company a neutral rating in a research report on Monday, January 20th. Finally, JPMorgan Chase & Co. downgraded Rightmove to a neutral rating and boosted their price objective for the company from GBX 433 ($5.70) to GBX 658 ($8.66) in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 587.22 ($7.72).

Shares of RMV opened at GBX 687.60 ($9.04) on Tuesday. The firm has a market cap of $6.03 billion and a P/E ratio of 36.57. The stock has a 50 day simple moving average of GBX 661.68 and a two-hundred day simple moving average of GBX 591.89. The company has a debt-to-equity ratio of 26.58, a current ratio of 1.94 and a quick ratio of 1.81. Rightmove has a 1 year low of GBX 447 ($5.88) and a 1 year high of GBX 710.60 ($9.35).

About Rightmove

Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

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