Rightmove (RMV) Raised to “Buy” at UBS Group

Rightmove (LON:RMV) was upgraded by UBS Group to a “buy” rating in a report released on Monday, October 22nd, www.digitallook.com reports.

Several other research analysts have also issued reports on RMV. Barclays restated an “underweight” rating on shares of Rightmove in a research report on Friday, July 6th. Liberum Capital restated a “hold” rating on shares of Rightmove in a research report on Monday, July 2nd. Citigroup restated a “sell” rating and set a GBX 4,600 ($60.11) target price on shares of Rightmove in a research report on Wednesday, July 4th. Peel Hunt restated a “hold” rating on shares of Rightmove in a research report on Tuesday, July 3rd. Finally, Shore Capital restated a “hold” rating on shares of Rightmove in a research report on Monday, July 23rd. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 4,538.31 ($59.30).

Shares of LON:RMV opened at GBX 451.10 ($5.89) on Monday. Rightmove has a 1 year low of GBX 3,846 ($50.25) and a 1 year high of GBX 4,595 ($60.04).

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

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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Analyst Recommendations for Rightmove (LON:RMV)

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