Rightmove (LON:RMV) Upgraded to “Neutral” by Goldman Sachs Group

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Rightmove (LON:RMV) was upgraded by equities research analysts at Goldman Sachs Group to a “neutral” rating in a research note issued on Tuesday, Stock Target Advisor reports. The firm presently has a GBX 653 ($8.53) price objective on the stock, up from their previous price objective of GBX 522 ($6.82). Goldman Sachs Group’s price target would suggest a potential upside of 5.29% from the stock’s previous close.

RMV has been the subject of a number of other reports. Liberum Capital reaffirmed a “hold” rating on shares of Rightmove in a report on Thursday, September 26th. Peel Hunt reiterated a “reduce” rating and issued a GBX 450 ($5.88) price target on shares of Rightmove in a research report on Friday, November 22nd. Deutsche Bank reiterated a “hold” rating on shares of Rightmove in a research report on Tuesday, October 22nd. Shore Capital lowered shares of Rightmove to a “sell” rating in a research report on Friday, November 1st. Finally, Peel Hunt reiterated a “reduce” rating and issued a GBX 450 ($5.88) price target on shares of Rightmove in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Rightmove presently has an average rating of “Sell” and a consensus price target of GBX 496.50 ($6.49).

Shares of RMV stock opened at GBX 620.20 ($8.10) on Tuesday. Rightmove has a 12 month low of GBX 415.20 ($5.43) and a 12 month high of GBX 641 ($8.38). The stock has a market cap of $5.46 billion and a P/E ratio of 32.99. The company has a current ratio of 1.94, a quick ratio of 1.81 and a debt-to-equity ratio of 26.58. The company has a 50 day simple moving average of GBX 597.84 and a two-hundred day simple moving average of GBX 557.25.

In other Rightmove news, insider Peter Brooks-Johnson sold 254,510 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of GBX 542 ($7.08), for a total value of £1,379,444.20 ($1,802,488.17).

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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