Rightmove plc (LON:RMV) Given Average Recommendation of “Hold” by Brokerages

Rightmove plc (LON:RMV – Get Free Report) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 633.12.

RMV has been the subject of several research reports. UBS Group reiterated a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a research report on Tuesday, May 5th. Citigroup reduced their price objective on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a report on Tuesday, June 16th.

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Rightmove Price Performance

LON:RMV opened at GBX 461.90 on Friday. The company has a debt-to-equity ratio of 8.73, a quick ratio of 2.55 and a current ratio of 1.89. The company has a market capitalization of £3.44 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88. Rightmove has a one year low of GBX 391.40 and a one year high of GBX 827. The stock has a 50-day simple moving average of GBX 429.64 and a 200 day simple moving average of GBX 454.37.

Insiders Place Their Bets

In other Rightmove news, insider Lorna Tilbian purchased 3,600 shares of Rightmove stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of GBX 403 per share, for a total transaction of £14,508. Also, insider Amanda James purchased 6,016 shares of Rightmove stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of GBX 413 per share, for a total transaction of £24,846.08. 0.42% of the stock is currently owned by corporate insiders.

Rightmove Company Profile

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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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