Rightmove plc (LON:RMV) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Rightmove plc has received an average recommendation of "Moderate Buy" from six brokerages, with one sell, one hold, and four buy ratings.
• The average twelve-month price target for Rightmove is GBX 787.40, with recent adjustments from various analysts, including a target increase from Royal Bank of Canada to GBX 805.
• In its latest quarterly earnings report, Rightmove posted an EPS of GBX 14.70 and a net margin of 52.69%, reflecting solid profitability.

Rightmove plc (LON:RMV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 787.40.

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

Rightmove Trading Up 0.6%

RMV stock opened at GBX 728.20 on Tuesday. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. Rightmove has a twelve month low of GBX 585.80 and a twelve month high of GBX 827. The stock has a market capitalization of £5.61 billion, a price-to-earnings ratio of 2,800.77, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The firm's fifty day simple moving average is GBX 772.99 and its two-hundred day simple moving average is GBX 745.77.

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