Rightmove (LON:RMV) Given Underweight Rating at JPMorgan Chase & Co.

Key Points

• Rightmove's stock received an "underweight" rating from JPMorgan Chase & Co., with a price target of GBX 627 ($8.48), indicating a potential downside of 17.89%.
• Other analysts have mixed ratings for Rightmove, with a consensus rating of "Moderate Buy" and a target price of GBX 787.40 ($10.65).
• Rightmove's shares have recently traded down 1.8%, reaching GBX 763.60 ($10.33), while the company reported a return on equity of 293.54% and a net margin of 52.69%.

Rightmove (LON:RMV - Get Free Report)'s stock had its "underweight" rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 627 ($8.48) price target on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 17.89% from the company's previous close.

A number of other analysts have also recently commented on the company. Royal Bank Of Canada lifted their price target on Rightmove from GBX 750 ($10.15) to GBX 805 ($10.89) and gave the stock a "sector perform" rating in a research report on Monday, July 28th. Peel Hunt reaffirmed a "buy" rating and set a GBX 840 ($11.37) price target on shares of Rightmove in a research report on Friday, July 25th. Berenberg Bank lifted their price objective on Rightmove from GBX 795 ($10.76) to GBX 850 ($11.50) and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 815 ($11.03) price objective on shares of Rightmove in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Rightmove has a consensus rating of "Moderate Buy" and a consensus target price of GBX 787.40 ($10.65).

Rightmove Stock Down 1.8%

Shares of Rightmove stock traded down GBX 13.80 ($0.19) during trading on Friday, reaching GBX 763.60 ($10.33). The company's stock had a trading volume of 5,772,439 shares, compared to its average volume of 5,460,297. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The company has a market cap of £5.95 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 2.58 and a beta of 1.05. Rightmove has a 1-year low of GBX 524 ($7.09) and a 1-year high of GBX 827 ($11.19). The company has a 50-day simple moving average of GBX 785.12 and a two-hundred day simple moving average of GBX 731.97.

Rightmove (LON:RMV - Get Free Report) last issued 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%. As a group, equities analysts forecast that Rightmove will post 30.2327791 earnings per share for the current 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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