Rightmove plc (LON:RMV – Get Free Report) insider Rosemary Leith purchased 2,300 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was acquired at an average price of GBX 542 per share, for a total transaction of £12,466.
Rightmove Price Performance
LON RMV opened at GBX 544.80 on Wednesday. Rightmove plc has a 1 year low of GBX 391.40 and a 1 year high of GBX 693.80. The business’s fifty day moving average is GBX 489.95 and its two-hundred day moving average is GBX 456.94. The stock has a market capitalization of £3.95 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.58 and a beta of 0.94. 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 – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported GBX 15.60 earnings per share for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. On average, research analysts forecast that Rightmove plc will post 30.23 earnings per share for the current fiscal year.
Rightmove announced that its Board of Directors has initiated a share repurchase program on Friday, July 31st that authorizes the company to buy back 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Share buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 665 target price on shares of Rightmove in a report on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 465 price target on shares of Rightmove in a research note on Tuesday, September 8th. Citigroup boosted their price objective on Rightmove from GBX 455 to GBX 486 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Berenberg Bank restated a “buy” rating and set a GBX 575 price objective on shares of Rightmove in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 595.12.
View Our Latest Stock Report on Rightmove
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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