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

Key Points

• Rightmove plc (LON:RMV) has received a consensus rating of "Moderate Buy" from six research firms, with one analyst issuing a sell rating and four issuing buy ratings.
• The average 12-month price target for the stock is GBX 787.40, with several analysts setting target prices ranging from GBX 627 to GBX 850.
• Rightmove reported earnings per share (EPS) of GBX 14.70 for its recent quarter, with expectations of 30.23 EPS for the current year.

Shares of Rightmove plc (LON:RMV - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 787.40.

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Rightmove from GBX 750 to GBX 805 and gave the stock a "sector perform" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 815 price objective on shares of Rightmove in a research note on Monday, July 28th. JPMorgan Chase & Co. restated an "underweight" rating and set a GBX 627 price objective on shares of Rightmove in a research note on Friday, August 15th. Berenberg Bank upped their price objective on Rightmove from GBX 795 to GBX 850 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Peel Hunt restated a "buy" rating and set a GBX 840 price objective on shares of Rightmove in a research note on Friday, July 25th.

Rightmove Price Performance

RMV opened at GBX 765.13 on Friday. The business has a fifty day moving average of GBX 785.07 and a 200 day moving average of GBX 735.69. Rightmove has a 52-week low of GBX 547.80 and a 52-week high of GBX 827. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The stock has a market cap of £5.96 billion, a P/E ratio of 30.69, a PEG ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported GBX 14.70 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. As a group, sell-side analysts anticipate that Rightmove will post 30.2327791 EPS for the current year.

Rightmove Company Profile

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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