Rightmove Receives Overweight Rating from Barclays (RMV)

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Rightmove (LON:RMV)‘s stock had its “overweight” rating restated by stock analysts at Barclays in a report issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 2,900 ($47.78) price target on the stock. Barclays’ price target suggests a potential upside of 17.50% from the stock’s previous close.

Shares of Rightmove (LON:RMV) opened at 2448.00 on Monday. Rightmove has a 52-week low of GBX 1633.00 and a 52-week high of GBX 2814.00. The stock has a 50-day moving average of GBX 2604.67 and a 200-day moving average of GBX 2469.33. The company’s market cap is £2.452 billion.

A number of other analysts have also recently weighed in on RMV. Analysts at Citigroup Inc. raised their price target on shares of Rightmove from GBX 3,000 ($49.43) to GBX 3,485 ($57.42) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rightmove in a research note to investors on Wednesday, January 22nd. They now have a GBX 3,200 ($52.73) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Rightmove from GBX 3,027 ($49.88) to GBX 3,270 ($53.88) in a research note to investors on Monday, January 13th. They now have an “add” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Rightmove currently has a consensus rating of “Buy” and an average price target of GBX 2,785.23 ($45.89).

Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.

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