Deutsche Bank Reaffirms “Buy” Rating for Rightmove (RMV)

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Deutsche Bank restated their buy rating on shares of Rightmove (LON:RMV) in a research report sent to investors on Thursday.

Other equities research analysts also recently issued reports about the company. UBS Group upgraded Rightmove to a buy rating in a report on Monday, October 22nd. Liberum Capital reiterated a hold rating on shares of Rightmove in a report on Wednesday, January 2nd. Peel Hunt reiterated a reduce rating on shares of Rightmove in a report on Wednesday, December 5th. Goldman Sachs Group lifted their target price on Rightmove from GBX 4,280 ($55.93) to GBX 4,317 ($56.41) and gave the stock a sell rating in a report on Tuesday, December 11th. Finally, JPMorgan Chase & Co. reiterated an underweight rating on shares of Rightmove in a report on Thursday, January 24th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 4,624.27 ($60.42).

Shares of RMV stock opened at GBX 469.80 ($6.14) on Thursday. Rightmove has a fifty-two week low of GBX 3,846 ($50.25) and a fifty-two week high of GBX 4,595 ($60.04).

In other news, insider Peter Brooks-Johnson acquired 31,233 shares of Rightmove stock in a transaction on Tuesday, November 27th. The stock was purchased at an average price of GBX 437 ($5.71) per share, with a total value of £136,488.21 ($178,346.02).

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.

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Analyst Recommendations for Rightmove (LON:RMV)

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