Rightmove's (RMV) "Neutral" Rating Reiterated at UBS Group

Key Points

• UBS reiterated its "Neutral" rating on Rightmove with a GBX 481 price target, implying roughly a 12.5% upside from the current share price.
• The analyst picture is mixed—Citigroup and JPMorgan recently cut targets to GBX 455 and GBX 489 respectively, while the MarketBeat consensus remains a "Hold" with a consensus target of GBX 643.75.
• Insiders Ruaridh Hook and Johan Svanström purchased 2,077 and 4,328 shares in March at about GBX 457–461 (combined value ~£29k), and insiders own 0.37% of the company.

Rightmove (LON:RMV - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at UBS Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 481 price target on the stock. UBS Group's price target points to a potential upside of 12.54% from the stock's current price.

A number of other analysts have also weighed in on RMV. Citigroup lowered their price objective on shares of Rightmove from GBX 520 to GBX 455 and set a "neutral" rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Rightmove from GBX 521 to GBX 489 and set an "underweight" rating for the company in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Rightmove has a consensus rating of "Hold" and a consensus price target of GBX 643.75.

Rightmove Stock Down 0.4%

LON:RMV opened at GBX 427.40 on Tuesday. Rightmove has a 1-year low of GBX 391.40 and a 1-year high of GBX 827. The company has a 50-day moving average of GBX 437.39 and a 200 day moving average of GBX 504.69. The firm has a market cap of £3.22 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55.

Rightmove (LON:RMV - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. As a group, research analysts anticipate that Rightmove will post 30.2327791 EPS for the current fiscal year.

Insider Activity

In other news, insider Ruaridh Hook purchased 2,077 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of GBX 457 per share, with a total value of £9,491.89. Also, insider Johan Svanström purchased 4,328 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of GBX 461 per share, with a total value of £19,952.08. Corporate insiders own 0.37% of the company's stock.

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. 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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