Brokerages Set Rightmove plc (LON:RMV) Target Price at GBX 595.12

Shares of Rightmove plc (LON:RMV) have received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 595.12.

Several analysts recently commented on RMV shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 665 price objective on shares of Rightmove in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Citigroup increased their target price on shares of Rightmove from GBX 455 to GBX 486 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 465 price target on shares of Rightmove in a research report on Friday, July 31st. Finally, UBS Group reissued a “neutral” rating and set a GBX 481 price target on shares of Rightmove in a research note on Tuesday, May 5th.

Rightmove Trading Down 0.2%

LON:RMV opened at GBX 495.50 on Friday. Rightmove has a 1 year low of GBX 391.40 and a 1 year high of GBX 775.40. The company has a debt-to-equity ratio of 7.35, a quick ratio of 2.55 and a current ratio of 1.53. The stock has a fifty day moving average price of GBX 455.46 and a two-hundred day moving average price of GBX 442.04. The stock has a market capitalization of £3.66 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.58 and a beta of 0.90.

Rightmove (LON:RMV) last issued its earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a net margin of 49.72% and a return on equity of 281.32%. As a group, sell-side analysts anticipate that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Rightmove declared that its board has authorized a stock repurchase plan on Friday, July 31st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is 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.