Rightmove plc (LON:RMV) Receives Average Recommendation of “Hold” from Brokerages

Shares of Rightmove plc (LON:RMV) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 702.33.

Several research firms have recently weighed in on RMV. JPMorgan Chase & Co. decreased their price target on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a report on Thursday. Jefferies Financial Group reduced their target price on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th.

Insider Activity

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

Rightmove Price Performance

Shares of RMV stock traded down GBX 4.90 during trading hours on Thursday, reaching GBX 440.20. The stock had a trading volume of 190,914,750 shares, compared to its average volume of 28,246,689. The stock’s fifty day simple moving average is GBX 465.24 and its 200 day simple moving average is GBX 566.88. The firm has a market capitalization of £3.34 billion, a PE ratio of 16.93, a PEG ratio of 2.58 and a beta of 0.99. Rightmove has a 12 month low of GBX 410.70 and a 12 month high of GBX 827. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13.

Rightmove (LON:RMV) last posted its 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 research analysts predict that Rightmove will post 30.2327791 EPS for the current year.

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.