Rightmove (RMV) Receives Hold Rating from Deutsche Bank

Rightmove (LON:RMV)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank in a report released on Wednesday, September 12th.

A number of other equities analysts have also recently weighed in on RMV. Peel Hunt reissued a “hold” rating on shares of Rightmove in a report on Monday, June 4th. Liberum Capital cut Rightmove to a “hold” rating in a research note on Wednesday, June 6th. Citigroup reiterated a “sell” rating and set a GBX 4,600 ($59.92) price objective on shares of Rightmove in a research note on Wednesday, July 4th. UBS Group cut Rightmove to a “sell” rating and boosted their price target for the stock from GBX 4,300 ($56.01) to GBX 4,900 ($63.83) in a research note on Friday, July 6th. Finally, Barclays restated an “underweight” rating on shares of Rightmove in a research note on Friday, July 6th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Rightmove currently has an average rating of “Hold” and a consensus price target of GBX 4,538.31 ($59.12).

LON RMV traded down GBX 13.30 ($0.17) during trading hours on Wednesday, hitting GBX 452.55 ($5.89). The company had a trading volume of 4,663,914 shares, compared to its average volume of 285,308. Rightmove has a 52 week low of GBX 3,846 ($50.10) and a 52 week high of GBX 4,595 ($59.85).

In related news, insider Robyn Perriss sold 5,234 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of GBX 4,948 ($64.45), for a total transaction of £258,978.32 ($337,343.13).

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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