Rightmove plc (LON:RMV) Given Average Recommendation of “Hold” by Analysts

Shares of Rightmove plc (LON:RMV) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 643.75.

RMV has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a research note on Thursday, March 19th. UBS Group restated a “neutral” rating and set a GBX 481 price objective on shares of Rightmove in a research report on Tuesday, May 5th. Finally, Citigroup lowered their price objective on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research report on Thursday, April 9th.

Rightmove Stock Performance

LON RMV opened at GBX 427.40 on Tuesday. Rightmove has a 1 year low of GBX 391.40 and a 1 year high of GBX 827. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55. The stock has a market capitalization of £3.21 billion, a PE ratio of 15.26, a P/E/G ratio of 2.58 and a beta of 0.88. The company’s 50 day simple moving average is GBX 428.56 and its two-hundred day simple moving average is GBX 471.08.

Rightmove (LON:RMV) last posted its earnings results 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%. Analysts predict that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Insider Activity at Rightmove

In related news, insider Johan Svanström acquired 4,328 shares of the stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of GBX 461 per share, for a total transaction of £19,952.08. Also, insider Ruaridh Hook acquired 2,077 shares of the 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. In the last 90 days, insiders have bought 16,021 shares of company stock worth $6,879,805. Corporate insiders own 0.37% of the company’s stock.

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.