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

Shares of Rightmove plc (LON:RMV) have received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 633.12.

A number of analysts recently commented on the stock. Citigroup lowered their price objective on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a research report on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a research report on Tuesday, June 16th. Finally, UBS Group restated a “neutral” rating and set a GBX 481 price objective on shares of Rightmove in a report on Tuesday, May 5th.

Rightmove Price Performance

Rightmove stock opened at GBX 449.40 on Friday. Rightmove has a 1 year low of GBX 391.40 and a 1 year 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 8.73. The firm has a market capitalization of £3.35 billion, a P/E ratio of 16.05, a PEG ratio of 2.58 and a beta of 0.88. The business has a 50-day moving average of GBX 429.69 and a 200-day moving average of GBX 453.78.

Insider Transactions at Rightmove

In other news, insider Lorna Tilbian purchased 3,600 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of GBX 403 per share, with a total value of £14,508. Also, insider Amanda James purchased 6,016 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of GBX 413 per share, for a total transaction of £24,846.08. 0.42% of the stock is currently owned by corporate 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.