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

Key Points

• Rightmove plc has received a consensus recommendation of "Moderate Buy" from six rating firms, with one analyst suggesting a sell and four recommending a buy.
• The average 1-year price target for Rightmove shares is GBX 787.40, with Deutsche Bank setting a target of GBX 815 and Berenberg Bank increasing theirs to GBX 850.
• Currently, Rightmove's stock price has declined by 2.5%, opening at GBX 680, while boasting a market cap of £5.22 billion and a net margin of 52.69%.

Shares of Rightmove plc (LON:RMV - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 787.40.

Several equities research analysts have recently commented on RMV shares. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Rightmove in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 815 target price on shares of Rightmove in a research note on Monday, July 28th. Berenberg Bank lifted their target price on Rightmove from GBX 795 to GBX 850 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada lifted their target price on Rightmove from GBX 750 to GBX 805 and gave the company a "sector perform" rating in a research note on Monday, July 28th. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 840 target price on shares of Rightmove in a research note on Friday, July 25th.

Rightmove Trading Down 2.5%

RMV stock opened at GBX 680 on Friday. The business has a fifty day moving average price of GBX 741.77 and a 200 day moving average price of GBX 748.10. Rightmove has a fifty-two week low of GBX 585.80 and a fifty-two week high of GBX 827. The stock has a market capitalization of £5.22 billion, a price-to-earnings ratio of 2,615.38, a P/E/G ratio of 2.58 and a beta of 1.05. 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 (LON:RMV - Get Free Report) last released its earnings results on Friday, July 25th. The company reported GBX 14.70 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 EPS 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.

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