Rightmove (LON:RMV) Insider Purchases £9,491.89 in Stock

Rightmove plc (LON:RMV) insider Ruaridh Hook bought 2,077 shares of Rightmove stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of GBX 457 per share, with a total value of £9,491.89.

Rightmove Trading Up 1.9%

Shares of LON:RMV opened at GBX 462 on Monday. The business’s 50 day moving average price is GBX 468.72 and its 200-day moving average price is GBX 571.88. Rightmove plc has a 1 year low of GBX 410.70 and a 1 year high of GBX 827. The firm has a market capitalization of £3.51 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. 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 issued its quarterly earnings results 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%. On average, equities research analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Jefferies Financial Group cut their target price on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company 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 stock an “underweight” rating in a report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, Rightmove currently has an average rating of “Hold” and an average price target of GBX 708.67.

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.