Brokerages Set Rightmove plc (LON:RMV) Target Price at GBX 633.12

Shares of Rightmove plc (LON:RMV) have been given an average rating of “Hold” by the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 633.12.

A number of analysts recently commented on the company. Citigroup decreased their price objective on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Finally, UBS Group restated a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a report on Tuesday, May 5th.

Rightmove Stock Performance

Rightmove stock opened at GBX 437.30 on Wednesday. The company has a debt-to-equity ratio of 8.73, a quick ratio of 2.55 and a current ratio of 1.89. The stock has a fifty day moving average of GBX 434.83 and a two-hundred day moving average of GBX 445.79. The company has a market capitalization of £3.26 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.58 and a beta of 0.90. Rightmove has a fifty-two week low of GBX 391.40 and a fifty-two week high of GBX 827.

Insider Buying and Selling

In other news, insider Lorna Tilbian acquired 3,600 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of GBX 403 per share, with a total value of £14,508. Also, insider Amanda James acquired 6,016 shares of Rightmove stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of GBX 413 per share, for a total transaction of £24,846.08. Insiders own 0.37% of the company’s stock.

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.