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

Key Points

• Rightmove has a consensus “Hold” rating among eight brokerages: four recommend buying, two hold, and two sell. The average 12-month price target is GBX 595.12, above the reported GBX 507.60 opening price.
• Recent analyst views remain mixed, with price targets ranging from GBX 429 from JPMorgan and GBX 465 from Jefferies to GBX 665 from Deutsche Bank.
• Rightmove reported quarterly EPS of GBX 15.60, a 49.72% net margin, and a 281.32% return on equity. Insiders Amanda James and Lorna Tilbian also purchased shares in May, though insiders collectively own just 0.42% of the company.

Rightmove plc (LON:RMV - Get Free Report) has been assigned a consensus rating of "Hold" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 595.12.

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 465 price target on shares of Rightmove in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Rightmove from GBX 404 to GBX 429 and gave the company an "underweight" rating in a research note on Monday, August 3rd. UBS Group restated a "neutral" rating and set a GBX 481 price objective on shares of Rightmove in a research report on Tuesday, May 5th. Citigroup upped their target price on Rightmove from GBX 455 to GBX 486 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 665 target price on shares of Rightmove in a report on Monday, August 3rd.

Insider Buying and Selling at Rightmove

In other Rightmove news, insider Amanda James acquired 6,016 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of GBX 413 per share, for a total transaction of £24,846.08. Also, insider Lorna Tilbian acquired 3,600 shares of Rightmove stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of GBX 403 per share, for a total transaction of £14,508. 0.42% of the stock is owned by corporate insiders.

Rightmove Trading Up 3.4%

RMV opened at GBX 507.60 on Friday. Rightmove has a twelve month low of GBX 391.40 and a twelve month high of GBX 782.60. The company has a 50-day simple moving average of GBX 449.67 and a 200 day simple moving average of GBX 442.39. The company has a quick ratio of 2.55, a current ratio of 1.53 and a debt-to-equity ratio of 7.35. The stock has a market capitalization of £3.75 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.58 and a beta of 0.90.

Rightmove (LON:RMV - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 15.60 earnings per share (EPS) for the quarter. Rightmove had a net margin of 49.72% and a return on equity of 281.32%. Analysts predict that Rightmove will post 30.2327791 EPS for the current fiscal year.

Rightmove declared that its board has approved a share repurchase program on Friday, July 31st that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

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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