Brokerages Set Rightmove plc (LON:RMV) PT at GBX 667

Rightmove plc (LON:RMV) has received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 667.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a report on Thursday, March 19th. Citigroup reduced their target price on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a research note on Thursday, April 9th.

Rightmove Stock Up 3.0%

Shares of RMV opened at GBX 464 on Monday. The firm has a market capitalization of £3.50 billion, a P/E ratio of 16.57, a P/E/G ratio of 2.58 and a beta of 0.92. Rightmove has a 12-month low of GBX 391.40 and a 12-month high of GBX 827. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. The firm has a fifty day moving average price of GBX 436.29 and a 200-day moving average price of GBX 523.19.

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

Insiders Place Their Bets

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

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.