Rightmove plc (LON:RMV) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Rightmove plc has received a consensus rating of "Moderate Buy" from six analysts, with projections indicating an average 12-month price objective of GBX 772 ($10.37).
• Deutsche Bank and Peel Hunt have both reaffirmed "buy" ratings for Rightmove, with price targets set at GBX 815 ($10.95) and GBX 840 ($11.29), respectively.
• The company reported an EPS of GBX 14.70 ($0.20) for the recent quarter, with an impressive return on equity of 293.54% and a net margin of 52.69%.

Shares of Rightmove plc (LON:RMV - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 772 ($10.37).

Several brokerages have issued reports on RMV. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 815 ($10.95) price target on shares of Rightmove in a research note on Monday. Peel Hunt reaffirmed a "buy" rating and set a GBX 840 ($11.29) price target on shares of Rightmove in a research note on Friday. Royal Bank Of Canada lifted their price target on Rightmove from GBX 750 ($10.08) to GBX 805 ($10.82) and gave the stock a "sector perform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 625 ($8.40) price target on shares of Rightmove in a research note on Wednesday, July 9th.

Rightmove Stock Performance

Shares of RMV opened at GBX 788 ($10.59) on Monday. The firm has a market cap of £6.14 billion, a PE ratio of 31.61, a PEG ratio of 2.58 and a beta of 1.05. The stock's fifty day moving average price is GBX 772.66 and its two-hundred day moving average price is GBX 717.70. 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 1 year low of GBX 504.60 ($6.78) and a 1 year high of GBX 801.20 ($10.77).

Rightmove (LON:RMV - Get Free Report) last posted 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%. On average, equities research analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.