Rightmove (LON:RMV) Receives “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Rightmove (LON:RMV) in a research report sent to investors on Friday, Marketbeat reports. They currently have a GBX 627 ($8.50) price target on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Rightmove from GBX 750 ($10.17) to GBX 805 ($10.91) and gave the company a “sector perform” rating in a research report on Monday, July 28th. Berenberg Bank boosted their price objective on shares of Rightmove from GBX 795 ($10.78) to GBX 850 ($11.52) and gave the company a “buy” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 ($11.05) price objective on shares of Rightmove in a research report on Monday, July 28th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 840 ($11.39) price objective on shares of Rightmove in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Rightmove presently has a consensus rating of “Moderate Buy” and an average target price of GBX 787.40 ($10.67).

Rightmove Stock Performance

Shares of RMV opened at GBX 763.60 ($10.35) on Friday. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The stock has a market cap of £5.95 billion, a P/E ratio of 30.63, a PEG ratio of 2.58 and a beta of 1.05. The company has a 50-day moving average of GBX 785.31 and a two-hundred day moving average of GBX 732.72. Rightmove has a 12-month low of GBX 524 ($7.10) and a 12-month high of GBX 827 ($11.21).

Rightmove (LON:RMV) last announced its earnings results on Friday, July 25th. The company reported GBX 14.70 ($0.20) earnings per share (EPS) for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. As a group, research analysts predict 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.