Rightmove (LON:RMV)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a research note issued on Thursday, Analyst Ratings News reports. They currently have a GBX 3,000 ($49.20) target price on the stock. Morgan Stanley’s price objective suggests a potential upside of 10.66% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of Rightmove to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 3,020 ($49.53) price target on the stock, up previously from GBX 2,600 ($42.64). Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Rightmove from GBX 2,667 ($43.74) to GBX 3,030 ($49.70) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Investec initiated coverage on shares of Rightmove in a research note to investors on Thursday, December 19th. They set a “hold” rating and a GBX 2,500 ($41.00) price target on the stock. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,712.76 ($44.49).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.