Rightmove plc (LON:RMV) Receives Average Recommendation of “Hold” from Brokerages

Rightmove plc (LON:RMV) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 643.75.

A number of analysts have recently issued reports on RMV shares. JPMorgan Chase & Co. dropped their price target on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a report on Thursday, March 19th. Citigroup dropped their price target on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 481 price target on shares of Rightmove in a report on Tuesday, May 5th.

Rightmove Stock Down 2.7%

LON:RMV opened at GBX 397.17 on Friday. The firm has a market cap of £2.98 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.58 and a beta of 0.88. The company has a debt-to-equity ratio of 13.13, a quick ratio of 2.55 and a current ratio of 1.89. Rightmove has a fifty-two week low of GBX 391.40 and a fifty-two week high of GBX 827. The firm has a 50-day simple moving average of GBX 435.90 and a two-hundred day simple moving average of GBX 490.18.

Rightmove (LON:RMV) 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%. Analysts predict that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Insider Transactions at Rightmove

In related news, insider Ruaridh Hook purchased 2,077 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of GBX 457 per share, with a total value of £9,491.89. Also, insider Johan Svanström purchased 4,328 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of GBX 461 per share, for a total transaction of £19,952.08. Company insiders own 0.37% of the company’s stock.

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.