Analysts Set Rightmove plc (LON:RMV) Target Price at GBX 702.33

Rightmove plc (LON:RMV) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 702.33.

A number of research firms have recently commented on RMV. JPMorgan Chase & Co. cut their price objective on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating for the company in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a report on Tuesday, November 25th.

Insiders Place Their Bets

In other news, insider Ruaridh Hook purchased 2,077 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of GBX 457 per share, with a total value of £9,491.89. Also, insider Johan Svanström acquired 4,328 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of GBX 461 per share, for a total transaction of £19,952.08. 0.37% of the stock is owned by insiders.

Rightmove Stock Performance

Shares of RMV opened at GBX 433.40 on Thursday. The stock’s 50-day simple moving average is GBX 462.24 and its 200 day simple moving average is GBX 562.84. The stock has a market capitalization of £3.29 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. The company has a debt-to-equity ratio of 13.13, a quick ratio of 2.55 and a current ratio of 1.89. Rightmove has a 52-week low of GBX 410.70 and a 52-week high of GBX 827.

Rightmove (LON:RMV) last posted its earnings results on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. Research analysts forecast that Rightmove will post 30.2327791 EPS for the current fiscal year.

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.