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Rightmove Plc 9.5% Potential Decrease Indicated by Berenberg

Rightmove Plc using EPIC/TICKER code (LON:RMV) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. Rightmove Plc are listed in the Consumer Services sector within UK Main Market. Berenberg have set their target price at 400 GBX on its stock. This now indicates the analyst believes there is a potential downside of -9.5% from today’s opening price of 442 GBX. Over the last 30 and 90 trading days the company share price has decreased 225.8 points and decreased 205 points respectively. The 52 week high for the stock is 710.6 GBX while the year low share price is currently 373.1 GBX.

Rightmove Plc has a 50 day moving average of 635.59 GBX and a 200 day moving average of 590.25. There are currently 873,100,206 shares in issue with the average daily volume traded being 4,038,973. Market capitalisation for LON:RMV is £3,791,001,201 GBP.

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