Rightmove (LON:RMV) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has restated a "buy" rating for Rightmove, setting a target price of GBX 815 ($10.95), indicating a potential upside of 3.20% from its current stock price.
• Rightmove's stock is currently trading at GBX 789.75 ($10.61), and only one analyst has rated it as a sell, while several others maintain a buy rating.
• The company reported an earnings per share (EPS) of GBX 14.70 ($0.20) for the last quarter, with a return on equity of 293.54% and a net margin of 52.69%.

Rightmove (LON:RMV - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a report released on Monday, Marketbeat.com reports. They presently have a GBX 815 ($10.81) target price on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential downside of 0.32% from the company's previous close.

A number of other research analysts also recently weighed in on RMV. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 625 ($8.29) price target on shares of Rightmove in a research note on Wednesday, July 9th. Peel Hunt reaffirmed a "buy" rating and set a GBX 840 ($11.14) target price on shares of Rightmove in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their target price on Rightmove from GBX 750 ($9.94) to GBX 805 ($10.67) and gave the stock a "sector perform" rating in a report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 787 ($10.43).

Rightmove Trading Up 2.7%

Shares of RMV traded up GBX 21.20 ($0.28) during mid-day trading on Monday, reaching GBX 817.60 ($10.84). 2,216,171 shares of the company were exchanged, compared to its average volume of 5,674,044. The business has a 50 day simple moving average of GBX 774.61 and a two-hundred day simple moving average of GBX 719.74. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. Rightmove has a 52 week low of GBX 504.60 ($6.69) and a 52 week high of GBX 871.60 ($11.56). The stock has a market capitalization of £6.37 billion, a PE ratio of 32.79, a PEG ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported GBX 14.70 ($0.19) earnings per share (EPS) for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. On average, analysts predict that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

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.