Rightmove (LON:RMV) Given Underweight Rating at JPMorgan Chase & Co.

Key Points

• Rightmove's stock received an "underweight" rating from JPMorgan Chase & Co., indicating caution among analysts regarding its future performance.
• Despite the downgrade, other analysts like Deutsche Bank and Peel Hunt have assigned a "buy" rating with target prices ranging from GBX 815 to GBX 850.
• The stock recently dropped 2.5%, trading at GBX 680, but has a consensus rating of "Moderate Buy" and a price target of GBX 787.40 from MarketBeat.com.

Rightmove (LON:RMV - Get Free Report)'s stock had its "underweight" rating reaffirmed by JPMorgan Chase & Co. in a report issued on Friday,Digital Look reports.

RMV has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 815 target price on shares of Rightmove in a report on Monday, July 28th. Royal Bank Of Canada lifted their target price on shares of Rightmove from GBX 750 to GBX 805 and gave the stock a "sector perform" rating in a report on Monday, July 28th. Peel Hunt reissued a "buy" rating and issued a GBX 840 price objective on shares of Rightmove in a report on Friday, July 25th. Finally, Berenberg Bank boosted their price objective on shares of Rightmove from GBX 795 to GBX 850 and gave the company a "buy" rating in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rightmove currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 787.40.

Rightmove Stock Down 2.5%

Shares of LON:RMV traded down GBX 17.40 during midday trading on Friday, reaching GBX 680. 108,766,094 shares of the company were exchanged, compared to its average volume of 5,812,820. Rightmove has a fifty-two week low of GBX 585.80 and a fifty-two week high of GBX 827. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The stock has a fifty day simple moving average of GBX 744.41 and a two-hundred day simple moving average of GBX 748.22. The firm has a market cap of £5.22 billion, a PE ratio of 2,615.38, a P/E/G ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported GBX 14.70 EPS for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. As a group, sell-side analysts forecast that Rightmove will post 30.2327791 earnings per share for the current year.

Rightmove Company Profile

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.

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