Analysts Set Rightmove plc (LON:RMV) Price Target at GBX 667

Shares of Rightmove plc (LON:RMV) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 667.

A number of brokerages have recently commented on RMV. JPMorgan Chase & Co. cut their price objective on Rightmove from GBX 521 to GBX 489 and set an “underweight” rating for the company in a research report on Thursday, March 19th. Citigroup cut their price objective on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a research report on Thursday, April 9th.

Insiders Place Their Bets

In related news, insider Ruaridh Hook acquired 2,077 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of GBX 457 per share, for a total transaction of £9,491.89. Also, insider Johan Svanström acquired 4,328 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of GBX 461 per share, with a total value of £19,952.08. 0.37% of the stock is currently owned by corporate insiders.

Rightmove Stock Performance

Shares of LON RMV opened at GBX 438.60 on Monday. The stock has a fifty day moving average price of GBX 435.71 and a two-hundred day moving average price of GBX 525.41. The company has a debt-to-equity ratio of 13.13, a quick ratio of 2.55 and a current ratio of 1.89. The firm has a market cap of £3.31 billion, a P/E ratio of 15.66, a PEG ratio of 2.58 and a beta of 0.92. Rightmove has a 1 year low of GBX 391.40 and a 1 year high of GBX 827.

Rightmove (LON:RMV) last issued its quarterly earnings results on Friday, February 27th. The company reported GBX 29.10 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. Research analysts forecast that Rightmove will post 30.2327791 EPS for the current fiscal year.

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.