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

Shares of Rightmove plc (LON:RMV - Get Free Report) have earned a consensus rating of "Hold" from the eight ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 643.75.

Several research firms have recently issued reports on RMV. UBS Group restated a "neutral" rating and set a GBX 481 price objective on shares of Rightmove in a report on Tuesday. Citigroup reduced their target price on shares of Rightmove from GBX 520 to GBX 455 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on Rightmove from GBX 521 to GBX 489 and set an "underweight" rating on the stock in a research report on Thursday, March 19th.

Insider Buying and Selling

In other news, insider Ruaridh Hook acquired 2,077 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of GBX 457 per share, with a total value of £9,491.89. Also, insider Johan Svanström acquired 4,328 shares of the stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of GBX 461 per share, for a total transaction of £19,952.08. 0.37% of the stock is currently owned by company insiders.

Rightmove Trading Down 0.5%

Shares of Rightmove stock opened at GBX 426.10 on Friday. The company's fifty day simple moving average is GBX 437.88 and its 200-day simple moving average is GBX 499.48. The company has a market cap of £3.20 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 2.58 and a beta of 0.88. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. Rightmove has a 1 year low of GBX 391.40 and a 1 year high of GBX 827.

Rightmove (LON:RMV - Get Free Report) last released its earnings results on Friday, February 27th. The company reported GBX 29.10 EPS for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. As a group, sell-side analysts expect that Rightmove will post 30.2327791 EPS for the current 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. 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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