Rightmove (LON:RMV) Insider Johan Svanström Purchases 4,328 Shares

Rightmove plc (LON:RMV) insider Johan Svanström bought 4,328 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of GBX 461 per share, with a total value of £19,952.08.

Rightmove Stock Performance

Shares of LON RMV opened at GBX 462 on Friday. The company’s fifty day moving average price is GBX 468.72 and its 200 day moving average price is GBX 574.55. Rightmove plc has a 1 year low of GBX 410.70 and a 1 year high of GBX 827. The company has a market capitalization of £3.51 billion, a PE ratio of 17.77, 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 (LON:RMV) last released its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. On average, research analysts predict that Rightmove plc will post 30.2327791 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Jefferies Financial Group cut their price target on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research note on Tuesday, November 25th. JPMorgan Chase & Co. raised their price objective on Rightmove from GBX 500 to GBX 527 and gave the company an “underweight” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 708.67.

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.