Brokerages Set Rightmove plc (LON:RMV) Price Target at GBX 595.12

Rightmove plc (LON:RMV – Get Free Report) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 595.12.

A number of research analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 575 price objective on shares of Rightmove in a report on Monday, August 3rd. UBS Group reaffirmed a “neutral” rating and set a GBX 481 target price on shares of Rightmove in a report on Tuesday, May 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 465 target price on shares of Rightmove in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 665 price target on shares of Rightmove in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a research report on Monday, August 3rd.

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Rightmove Price Performance

Shares of RMV opened at GBX 510.80 on Friday. The company has a debt-to-equity ratio of 7.35, a current ratio of 1.53 and a quick ratio of 2.55. The company’s fifty day moving average price is GBX 457.12 and its 200-day moving average price is GBX 442.52. Rightmove has a 1-year low of GBX 391.40 and a 1-year high of GBX 775.40. The firm has a market capitalization of £3.78 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.

Rightmove (LON:RMV – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. On average, equities research analysts predict that Rightmove will post 30.2327791 EPS for the current year.

Rightmove announced that its board has approved a stock repurchase plan on Friday, July 31st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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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