JPMorgan Chase & Co. Reaffirms Overweight Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Friday, Digital Look reports. They presently have a GBX 483 ($6.07) price objective on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 9.18% from the stock’s current price.

Several other analysts have also recently commented on RMV. Shore Capital reiterated a “buy” rating on shares of Rightmove in a research note on Monday, March 4th. Berenberg Bank raised their price objective on shares of Rightmove from GBX 605 ($7.60) to GBX 650 ($8.16) and gave the company a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 613.25 ($7.70).

Rightmove Stock Up 0.9 %

Shares of LON RMV opened at GBX 531.80 ($6.68) on Friday. The company has a quick ratio of 2.55, a current ratio of 2.41 and a debt-to-equity ratio of 10.67. Rightmove has a 52 week low of GBX 457.70 ($5.75) and a 52 week high of GBX 603 ($7.57). The firm has a 50-day moving average price of GBX 544.44 and a 200 day moving average price of GBX 539.67. The stock has a market capitalization of £4.24 billion, a price-to-earnings ratio of 2,215.00, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94.

Insiders Place Their Bets

In other Rightmove news, insider Alison Dolan sold 25,257 shares of Rightmove stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 568 ($7.13), for a total transaction of £143,459.76 ($180,203.19). 0.45% of the stock is currently owned by company insiders.

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.