Liberum Capital raises Rightmove (LON:RMV) price target to 800 GBX

Move Right (LON:RMV – Get Note) had its price target raised by research analysts Liberum Capital from GBX 795 ($10.81) to GBX 800 ($10.88) in a report on Monday, reports Digital Look. The company currently has a “buy” rating on the stock. Liberum Capital’s price target indicates an upside potential of 21.40% from the company’s current price.

Other analysts have also published research reports on the stock. Shore Capital reaffirmed a “sell” rating on Rightmove shares in a report on Friday, February 18. Peel Hunt reissued an “add” rating and issued a GBX 740 ($10.06) price target on Rightmove shares in a Friday, February 11 report. JPMorgan Chase & Co. downgraded Rightmove shares to an ‘underweight’ rating and lowered its price target for the company from 753 GBX ($10.24) to 565 GBX ($7.68) in a report Wednesday, February 9. Royal Bank of Canada raised its price target on Rightmove shares from GBX 560 ($7.62) to GBX 600 ($8.16) and gave the company an “underperforming” rating in a report for Tuesday 25 January. Finally, Barclays reissued an “underweight” rating and issued a GBX 630 ($8.57) price target on Rightmove shares in a Friday, January 28 report. Five research analysts gave the stock a sell rating, three gave the company a hold rating and two gave the company a buy rating. According to data from MarketBeat, Rightmove currently has an average rating of “Hold” and an average target price of GBX 651.11 ($8.86).

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RMV opened Monday at GBX 659 ($8.96). The company has a fifty-day moving average price of 692.79 GBX and a two-hundred-day moving average price of 710.05 GBX. The company has a debt ratio of 13.37, a quick ratio of 3.22 and a current ratio of 3.39. Rightmove has a 52 week minimum of 551.80 GBX ($7.50) and a 52 week maximum of 810 GBX ($11.02). The company has a market capitalization of £5.58 billion and a PE ratio of 37.44.

About Rightmove (Get a rating)

Rightmove plc, together with its subsidiaries, operates UK property portals. It operates through the Agency, New Homes and Others segments. The Agency segment provides real estate resale and rental services on its platforms. The New Homes segment provides real estate advertising services to new home developers and housing associations on its platforms.

Further reading

Analyst recommendations for Rightmove (LON:RMV)

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