Rightmove (LON:RMV) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• The target price for Rightmove has been raised from GBX 750 to GBX 805 by Royal Bank of Canada, suggesting a potential upside of 1.54% from its previous close.
• JPMorgan Chase & Co. has maintained an "underweight" rating with a target price of GBX 625, indicating mixed sentiments among analysts.
• Rightmove reported a net margin of 52.69% and earnings per share of GBX 14.70 for its latest quarter, emphasizing its strong profitability.

Rightmove (LON:RMV - Get Free Report) had its price objective increased by equities research analysts at Royal Bank Of Canada from GBX 750 ($10.08) to GBX 805 ($10.82) in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 2.21% from the stock's current price.

Separately, JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 625 ($8.40) price target on shares of Rightmove in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 772 ($10.37).

Rightmove Stock Performance

Shares of RMV stock traded up GBX 7.20 ($0.10) during midday trading on Monday, hitting GBX 787.60 ($10.58). The company had a trading volume of 2,198,653 shares, compared to its average volume of 5,756,758. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. Rightmove has a 52-week low of GBX 504.60 ($6.78) and a 52-week high of GBX 801.20 ($10.77). The company's 50 day simple moving average is GBX 772.66 and its 200 day simple moving average is GBX 717.70. The stock has a market cap of £6.14 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV - Get Free Report) last released its earnings results on Friday, July 25th. The company reported GBX 14.70 ($0.20) EPS for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. Research analysts anticipate 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.