Rightmove (LON:RMV) Earns Buy Rating from Peel Hunt

Key Points

• Rightmove's stock has been given a "buy" rating by Peel Hunt, with a price target of GBX 840 ($11.29), indicating a potential upside of 5.95% from its current trading price of GBX 792.80 ($10.65).
• The company recently reported quarterly earnings of GBX 14.70 ($0.20) per share, showcasing a return on equity of 293.54% and a net margin of 52.69%.
• Current analyst ratings for Rightmove include one sell, one hold, and three buy ratings, with an average rating of "Hold" and a consensus price target of GBX 761.25 ($10.23).

Rightmove (LON:RMV - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Peel Hunt in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 840 ($11.29) price target on the stock. Peel Hunt's target price suggests a potential upside of 5.95% from the company's current price.

RMV has been the topic of a number of other research reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 625 ($8.40) target price on shares of Rightmove in a research report on Wednesday, July 9th. Royal Bank Of Canada increased their price objective on shares of Rightmove from GBX 750 ($10.08) to GBX 805 ($10.82) and gave the company a "sector perform" rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of GBX 761.25 ($10.23).

Rightmove Trading Up 1.6%

Shares of LON RMV opened at GBX 792.80 ($10.65) on Friday. Rightmove has a twelve month low of GBX 504.60 ($6.78) and a twelve month high of GBX 801.20 ($10.77). The firm has a market cap of £6.18 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The business has a fifty day simple moving average of GBX 772.66 and a two-hundred day simple moving average of GBX 717.70. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

Rightmove (LON:RMV - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported GBX 14.70 ($0.20) EPS for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. Analysts expect that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

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.

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