Rightmove’s (RMV) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Rightmove (LON:RMV) in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a GBX 465 target price on the stock.

A number of other research firms also recently commented on RMV. JPMorgan Chase & Co. boosted their price objective on shares of Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 665 price target on shares of Rightmove in a research report on Monday, August 3rd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 575 price target on shares of Rightmove in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 595.12.

Rightmove Price Performance

Rightmove stock opened at GBX 464.10 on Tuesday. The company has a market cap of £3.39 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.58 and a beta of 0.91. Rightmove has a one year low of GBX 391.40 and a one year high of GBX 732.60. The business has a fifty day moving average of GBX 474.73 and a two-hundred day moving average of GBX 447.81. The company has a debt-to-equity ratio of 7.35, a quick ratio of 2.55 and a current ratio of 1.53.

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

Rightmove announced that its board has approved a stock repurchase program on Friday, July 31st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.