Rightmove (LON:RMV) Receives Buy Rating from Shore Capital

Rightmove (LON:RMV)‘s stock had its “buy” rating restated by analysts at Shore Capital in a note issued to investors on Friday, Marketbeat.com reports.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 775 ($10.09) price objective on shares of Rightmove in a research report on Friday. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 644.33 ($8.39).

Rightmove Stock Down 1.3 %

Rightmove stock opened at GBX 588.40 ($7.66) on Friday. The stock has a market cap of £4.63 billion, a PE ratio of 2,353.60, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. Rightmove has a one year low of GBX 469.30 ($6.11) and a one year high of GBX 710 ($9.24). The stock has a fifty day moving average of GBX 633.40 and a 200 day moving average of GBX 577.17.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.