Research analysts at Numis Securities Ltd increased their price objective on shares of Rightmove (LON:RMV) from GBX 3,027 ($49.88) to GBX 3,270 ($53.89) in a report released on Monday, Analyst Ratings News reports. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 22.20% from the company’s current price.
Shares of Rightmove (LON:RMV) traded down 0.56% during mid-day trading on Monday, hitting GBX 2660.00. The stock had a trading volume of 107,348 shares. Rightmove has a 52-week low of GBX 1515.00 and a 52-week high of GBX 2814.00. The stock has a 50-day moving average of GBX 2583. and a 200-day moving average of GBX 2435.07. The company’s market cap is £2.664 billion.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Rightmove in a research note to investors on Thursday. They now have a GBX 3,000 ($49.44) price target on the stock. Separately, analysts at UBS AG downgraded shares of Rightmove to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a GBX 3,020 ($49.77) price target on the stock, up previously from GBX 2,600 ($42.85). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Rightmove from GBX 2,667 ($43.95) to GBX 3,030 ($49.93) in a research note to investors on Wednesday, January 8th. They now have an “overweight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,749.34 ($45.31).
Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.
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