Rightmove plc (LON:RMV) Given Average Rating of “Hold” by Brokerages

Shares of Rightmove plc (LON:RMV) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 595.12.

A number of analysts have issued reports on RMV shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 465 price target on shares of Rightmove in a report on Tuesday, September 8th. Citigroup raised their target price on Rightmove from GBX 455 to GBX 486 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a research note on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 575 price target on shares of Rightmove in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 665 price target on shares of Rightmove in a research note on Monday, August 3rd.

Rightmove Trading Down 1.0%

Shares of LON RMV opened at GBX 496.50 on Thursday. The company has a current ratio of 1.53, a quick ratio of 2.55 and a debt-to-equity ratio of 7.35. The stock has a market capitalization of £3.63 billion, a PE ratio of 17.36, a PEG ratio of 2.58 and a beta of 0.91. Rightmove has a twelve month low of GBX 391.40 and a twelve month high of GBX 731.80. The stock has a fifty day simple moving average of GBX 477.98 and a 200-day simple moving average of GBX 449.80.

Rightmove (LON:RMV) last announced its earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. On average, equities analysts forecast that Rightmove will post 30.2327791 earnings per share for the current year.

Rightmove announced that its Board of Directors has authorized a share buyback plan on Friday, July 31st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.