Rightmove plc (OTCMKTS:RTMVY) Given Average Recommendation of “Hold” by Analysts

Rightmove plc (OTCMKTS:RTMVYGet Rating) has earned an average recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $655.60.

Several equities analysts have weighed in on the company. Morgan Stanley dropped their price objective on Rightmove from GBX 724 ($8.87) to GBX 640 ($7.84) in a research note on Tuesday, May 31st. UBS Group dropped their price objective on Rightmove from GBX 740 ($9.07) to GBX 670 ($8.21) in a research note on Thursday, July 7th. Investec upgraded Rightmove from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Rightmove from GBX 600 ($7.35) to GBX 610 ($7.47) in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. upgraded Rightmove from an “underweight” rating to a “neutral” rating in a research note on Friday, May 27th.

Rightmove Stock Performance

Shares of OTCMKTS:RTMVY opened at $15.67 on Friday. The stock’s fifty day simple moving average is $14.44 and its two-hundred day simple moving average is $15.68. Rightmove has a 1-year low of $12.80 and a 1-year high of $22.09.

Rightmove Company Profile

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Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords.

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Analyst Recommendations for Rightmove (OTCMKTS:RTMVY)

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