Rightmove (LON:RMV) Insider Ruaridh Hook Buys 2,077 Shares of Stock

Rightmove plc (LON:RMV) insider Ruaridh Hook bought 2,077 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of GBX 457 per share, with a total value of £9,491.89.

Rightmove Price Performance

Shares of LON RMV opened at GBX 462 on Friday. The firm has a 50-day simple moving average of GBX 468.72 and a 200-day simple moving average of GBX 574.55. The company has a quick ratio of 2.55, a current ratio of 1.89 and a debt-to-equity ratio of 13.13. The stock has a market capitalization of £3.51 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. Rightmove plc has a 52 week low of GBX 410.70 and a 52 week high of GBX 827.

Rightmove (LON:RMV) last posted its quarterly earnings results 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, equities analysts predict that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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