Brokerages Set Rightmove plc (LON:RMV) Price Target at GBX 787.40

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.

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

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

Rightmove Stock Performance

RMV stock traded down GBX 1.80 during mid-day trading on Tuesday, hitting GBX 725. 4,283,596 shares of the company were exchanged, compared to its average volume of 5,547,980. The stock has a market capitalization of £5.58 billion, a PE ratio of 2,788.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. Rightmove has a 1-year low of GBX 585.80 and a 1-year high of GBX 827. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The business has a 50 day simple moving average of GBX 768.32 and a 200-day simple moving average of GBX 745.79.

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