Rightmove plc (LON:RMV) Receives Average Rating of "Hold" from Brokerages

Key Points

• Rightmove has a consensus “Hold” rating among eight analysts: four recommend buying, three advise holding, and one rates it a sell. The average 12-month price target is GBX 595.12.
• Recent analyst targets range from GBX 429 to GBX 665, with Deutsche Bank and Berenberg maintaining “buy” ratings while JPMorgan rates the stock “underweight.”
• Shares opened at GBX 463.60, below the average analyst target, while the company reported quarterly EPS of GBX 15.60, a 49.72% net margin, and a 281.32% return on equity.

Rightmove plc (LON:RMV - Get Free Report) has been assigned a consensus rating of "Hold" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 595.12.

Several research analysts recently issued reports on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 575 price target on shares of Rightmove in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 665 price objective on shares of Rightmove in a report on Monday, August 3rd. Citigroup lifted their target price on shares of Rightmove from GBX 455 to GBX 486 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Rightmove from GBX 404 to GBX 429 and gave the company an "underweight" rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 465 target price on shares of Rightmove in a research report on Tuesday.

Rightmove Stock Performance

Rightmove stock opened at GBX 463.60 on Thursday. Rightmove has a 52-week low of GBX 391.40 and a 52-week high of GBX 732.60. The firm has a market capitalization of £3.39 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.58 and a beta of 0.91. The stock has a fifty day moving average price of GBX 474.52 and a two-hundred day moving average price of GBX 447.59. The company has a debt-to-equity ratio of 7.35, a current ratio of 1.53 and a quick ratio of 2.55.

Rightmove (LON:RMV - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a net margin of 49.72% and a return on equity of 281.32%. As a group, analysts anticipate that Rightmove will post 30.2327791 EPS for the current fiscal year.

Rightmove announced that its board has approved a share buyback program on Friday, July 31st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Rightmove Company Profile

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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