How Negative is Peel Hunt on Rightmove PLC (LON:RMV) Following Today’s Downgrade? The Target Price per Share is GBX 4700.00

July 27, 2018 - By Carolyn Hewitt

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Rightmove PLC (LON:RMV) Receives a Downgrade

Peel Hunt has downgraded shares of Rightmove PLC (LON:RMV) to a “Reduce” rating in an analyst note released on Friday morning. The firm now has a GBX 4700.00 TP on shares. Peel Hunt’s TP suggests a possibly downside of -5.03 % from the close price of the stock.

Rightmove plc (LON:RMV) Ratings Coverage

Among 10 analysts covering Rightmove PLC (LON:RMV), 1 have Buy rating, 4 Sell and 5 Hold. Therefore 10% are positive. Rightmove PLC has GBX 6150 highest and GBX 4000 lowest target. GBX 4713.33’s average target is -5.85% below currents GBX 5006 stock price. Rightmove PLC had 31 analyst reports since January 29, 2018 according to SRatingsIntel. Peel Hunt maintained Rightmove plc (LON:RMV) on Tuesday, February 6 with “Hold” rating. Liberum Capital maintained Rightmove plc (LON:RMV) on Friday, February 23 with “Buy” rating. Citigroup maintained Rightmove plc (LON:RMV) on Wednesday, July 4 with “Sell” rating. The stock of Rightmove plc (LON:RMV) earned “Hold” rating by Peel Hunt on Wednesday, April 4. The stock of Rightmove plc (LON:RMV) earned “Hold” rating by Peel Hunt on Tuesday, July 3. The stock of Rightmove plc (LON:RMV) has “Sell” rating given on Friday, July 6 by UBS. Deutsche Bank maintained the stock with “Hold” rating in Monday, May 14 report. The rating was maintained by Deutsche Bank on Tuesday, April 24 with “Hold”. The firm has “Hold” rating given on Monday, July 2 by Liberum Capital. The firm has “Hold” rating by Shore Capital given on Monday, July 23.

The stock decreased 1.69% or GBX 86 during the last trading session, reaching GBX 5006. About 187,174 shares traded. Rightmove plc (LON:RMV) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Rightmove plc operates property portal in the United Kingdom. The company has market cap of 4.52 billion GBP. The firm operates through Agency, New Homes, and Other divisions. It has a 32.28 P/E ratio. The Agency segment offers resale and lettings property advertising services on its platforms.

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