Rightmove (LON:RMV) Given New GBX 455 Price Target at Citigroup

Rightmove (LON:RMV) had its price objective decreased by Citigroup from GBX 520 to GBX 455 in a research note published on Thursday,London Stock Exchange reports. Citigroup currently has a neutral rating on the stock.

Separately, JPMorgan Chase & Co. lowered their target price on Rightmove from GBX 521 to GBX 489 and set an “underweight” rating for the company in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rightmove currently has a consensus rating of “Hold” and a consensus target price of GBX 667.

Rightmove Stock Performance

Shares of Rightmove stock opened at GBX 440.10 on Thursday. The company has a market capitalization of £3.32 billion, a PE ratio of 15.72, a PEG ratio of 2.58 and a beta of 0.92. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 827. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. The stock’s fifty day simple moving average is GBX 439.03 and its 200 day simple moving average is GBX 534.43.

Rightmove (LON:RMV) last issued its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 EPS for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. On average, research analysts predict that Rightmove will post 30.2327791 EPS for the current year.

Insider Activity at Rightmove

In related news, insider Johan Svanström acquired 4,328 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of GBX 461 per share, for a total transaction of £19,952.08. Also, insider Ruaridh Hook acquired 2,077 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of GBX 457 per share, with a total value of £9,491.89. Company insiders own 0.37% of the company’s stock.

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. 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.