Rightmove plc (LON:RMV) Stock Has Average Target Price of GBX 595.12

Key Points

• Analyst consensus is “Hold” for Rightmove, with four buy, three hold, and one sell rating among eight analysts. The average 12-month price target is GBX 595.12, above the stock’s GBX 449.40 opening price.
• Recent broker targets range from GBX 429 to GBX 665, with Deutsche Bank and Berenberg maintaining buy ratings while JPMorgan rates the stock underweight and Citigroup and Jefferies maintain neutral or hold views.
• Rightmove reported quarterly EPS of GBX 15.60, a 49.72% net margin, and a 281.32% return on equity. Shares have traded between GBX 391.40 and GBX 706.20 over the past year, with a market capitalization of approximately £3.28 billion.

Rightmove plc (LON:RMV - Get Free Report) has earned an average recommendation of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 595.12.

Several research firms have recently weighed in on RMV. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 665 target price on shares of Rightmove in a research note on Monday, August 3rd. Citigroup boosted their target price on shares of Rightmove from GBX 455 to GBX 486 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 575 price target on shares of Rightmove in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on 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 reissued a "hold" rating and set a GBX 465 price objective on shares of Rightmove in a report on Tuesday, September 8th.

Rightmove Stock Performance

LON RMV opened at GBX 449.40 on Monday. The company has a market capitalization of £3.28 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.58 and a beta of 0.91. 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 has a 52-week low of GBX 391.40 and a 52-week high of GBX 706.20. The company has a 50-day simple moving average of GBX 483.71 and a 200 day simple moving average of GBX 451.02.

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, research analysts predict that Rightmove will post 30.2327791 EPS for the current year.

Rightmove announced that its board has initiated a stock buyback program on Friday, July 31st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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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