Rightmove plc (LON:RMV) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Rightmove an average rating of Hold from seven firms (2 sell, 1 hold, 4 buy) with an average 12‑month target of GBX 667.
• The stock trades around GBX 432 (down 1.6%), below its 200‑day moving average of GBX 529.85, with a market cap of £3.26bn, P/E of 15.43 and a 52‑week range of GBX 391.40–827.
• Insiders Johan Svanström and Ruaridh Hook purchased shares in March at about GBX 461 and GBX 457 respectively, although insiders collectively own only 0.37% of the company.

Rightmove plc (LON:RMV - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 667.

RMV has been the topic of several analyst reports. Citigroup reduced their target price on shares of Rightmove from GBX 520 to GBX 455 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Rightmove from GBX 521 to GBX 489 and set an "underweight" rating on the stock in a research note on Thursday, March 19th.

Rightmove Stock Down 1.6%

Shares of LON:RMV opened at GBX 432.10 on Monday. The firm's 50 day moving average price is GBX 437.92 and its 200 day moving average price is GBX 529.85. The stock has a market cap of £3.26 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. Rightmove has a fifty-two week low of GBX 391.40 and a fifty-two week high of GBX 827. The company has a quick ratio of 2.55, a current ratio of 1.89 and a debt-to-equity ratio of 13.13.

Rightmove (LON:RMV - Get Free Report) last issued its earnings results on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. As a group, equities research analysts predict that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Insider Activity at Rightmove

In related news, insider Johan Svanström purchased 4,328 shares of the company's stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of GBX 461 per share, for a total transaction of £19,952.08. Also, insider Ruaridh Hook purchased 2,077 shares of the company's stock in a transaction on Thursday, March 12th. The stock was bought at an average price of GBX 457 per share, for a total transaction of £9,491.89. Corporate insiders own 0.37% of the company's stock.

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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