Rightmove (LON:RMV – Free Report) had its price target raised by Citigroup from GBX 455 to GBX 486 in a report released on Wednesday,Digital Look reports. Citigroup currently has a neutral rating on the stock.
Several other equities analysts have also weighed in on RMV. JPMorgan Chase & Co. boosted their target price on shares of Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 665 target price on shares of Rightmove in a research note on Monday, August 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 575 price objective on shares of Rightmove in a research report on Monday, August 3rd. UBS Group reaffirmed a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 465 target price on shares of Rightmove in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Rightmove has an average rating of “Hold” and an average price target of GBX 595.12.
Check Out Our Latest Research Report on Rightmove
Rightmove Stock Performance
Rightmove (LON:RMV – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. Equities 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity
In other Rightmove news, insider Lorna Tilbian acquired 3,600 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of GBX 403 per share, with a total value of £14,508. Also, insider Amanda James acquired 6,016 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of GBX 413 per share, with a total value of £24,846.08. 0.42% of the stock is currently owned by corporate 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.
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