Insider Buying: Rightmove (LON:RMV) Insider Acquires £19,952.08 in Stock

Rightmove plc (LON:RMV) insider Johan Svanström bought 4,328 shares of Rightmove stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of GBX 461 per share, for a total transaction of £19,952.08.

Rightmove Trading Up 1.9%

Shares of LON RMV opened at GBX 462 on Monday. Rightmove plc has a 1 year low of GBX 410.70 and a 1 year high of GBX 827. The stock has a market cap of £3.51 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. The firm has a 50-day moving average of GBX 468.72 and a 200 day moving average of GBX 571.88. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55.

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

Wall Street Analyst Weigh In

Several 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 on the stock in a research note on Tuesday, November 25th. JPMorgan Chase & Co. lifted their price objective on Rightmove from GBX 500 to GBX 527 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd. Four 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, the company currently has a consensus rating of “Hold” and an average target price of GBX 708.67.

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.