Rightmove plc (LON:RMV) Receives GBX 787.40 Average Price Target from Analysts

Shares of Rightmove plc (LON:RMV) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 787.40.

Several research analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Rightmove from GBX 750 to GBX 805 and gave the stock a “sector perform” rating in a research report on Monday, July 28th. Peel Hunt restated a “buy” rating and issued a GBX 840 target price on shares of Rightmove in a research report on Friday, July 25th. Berenberg Bank upped their target price on shares of Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 815 target price on shares of Rightmove in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research report on Friday.

Rightmove Price Performance

Shares of LON:RMV opened at GBX 685.48 on Friday. Rightmove has a fifty-two week low of GBX 585.80 and a fifty-two week high of GBX 827. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The company has a market cap of £5.27 billion, a PE ratio of 2,636.46, a P/E/G ratio of 2.58 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 739.03 and a 200 day simple moving average of GBX 748.91.

Rightmove (LON:RMV) last posted its earnings results on Friday, July 25th. The company reported GBX 14.70 EPS for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. On average, sell-side analysts anticipate that Rightmove will post 30.2327791 EPS for the current year.

About Rightmove

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.