Rightmove (LON:RMV) Price Target Lowered to GBX 489 at JPMorgan Chase & Co.

Rightmove (LON:RMV) had its target price cut by JPMorgan Chase & Co. from GBX 521 to GBX 489 in a research report report published on Thursday morning, Marketbeat.com reports. They currently have an underweight rating on the stock.

Separately, Jefferies Financial Group lowered their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy 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 price target of GBX 702.33.

Rightmove Trading Down 1.1%

LON:RMV opened at GBX 440.20 on Thursday. Rightmove has a twelve month low of GBX 410.70 and a twelve month high of GBX 827. 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 business has a 50 day moving average price of GBX 463.88 and a two-hundred day moving average price of GBX 566. The company has a market cap of £3.34 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99.

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

Insider Activity at Rightmove

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

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.