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Rightmove Plc 10% Potential Decrease Indicated by Deutsche Bank

Rightmove Plc using EPIC/TICKER code (LON:RMV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Deutsche Bank. Rightmove Plc are listed in the Consumer Services sector within UK Main Market. Deutsche Bank have set a target price of 4300 GBX on its stock. This would imply the analyst believes there is a potential downside of -10.0% from the opening price of 4778 GBX. Over the last 30 and 90 trading days the company share price has increased 385 points and increased 517 points respectively. The 1 year high share price is 4934 GBX while the year low share price is currently 3873 GBX.

Rightmove Plc has a 50 day moving average of 4,426.47 GBX and a 200 day moving average of 4,282.47. There are currently 87,325,403 shares in issue with the average daily volume traded being 310,701. Market capitalisation for LON:RMV is £4,167,168,231 GBP.