Rightmove (RMV) Earns Reduce Rating from Peel Hunt

Rightmove (LON:RMV)‘s stock had its “reduce” rating reiterated by analysts at Peel Hunt in a report released on Monday.

A number of other research analysts have also issued reports on the stock. Deutsche Bank restated a “hold” rating on shares of Rightmove in a research report on Wednesday, September 12th. Berenberg Bank lowered shares of Rightmove to a “sell” rating and decreased their target price for the stock from GBX 4,150 ($54.23) to GBX 4,100 ($53.57) in a research report on Tuesday, July 31st. Barclays increased their target price on shares of Rightmove from GBX 4,020 ($52.53) to GBX 4,050 ($52.92) and gave the stock an “underweight” rating in a research report on Monday, July 30th. UBS Group restated a “sell” rating and set a GBX 4,900 ($64.03) target price on shares of Rightmove in a research report on Friday, July 27th. Finally, Numis Securities restated a “buy” rating and set a GBX 6,150 ($80.36) target price on shares of Rightmove in a research report on Friday, July 27th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 4,538.31 ($59.30).

Shares of LON:RMV traded down GBX 6.60 ($0.09) on Monday, reaching GBX 445.95 ($5.83). 2,272,802 shares of the company’s stock were exchanged, compared to its average volume of 285,308. Rightmove has a twelve month low of GBX 3,846 ($50.25) and a twelve month high of GBX 4,595 ($60.04).

In related news, insider Robyn Perriss sold 5,234 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of GBX 4,948 ($64.65), for a total transaction of £258,978.32 ($338,401.05).

Rightmove Company Profile

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.

Further Reading: Dividend Aristocrat Index

Analyst Recommendations for Rightmove (LON:RMV)

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