Rightmove (LON:RMV) Insider Buys £12,466 in Stock

Rightmove plc (LON:RMV) insider Rosemary Leith acquired 2,300 shares of the stock in a transaction on Wednesday, October 21st. The shares were acquired at an average cost of GBX 542 per share, for a total transaction of £12,466.

Rightmove Stock Performance

LON RMV opened at GBX 556.87 on Friday. The stock has a market capitalization of £4.04 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.58 and a beta of 0.94. Rightmove plc has a 12-month low of GBX 391.40 and a 12-month high of GBX 693.80. The business’s 50 day moving average is GBX 493.29 and its two-hundred day moving average is GBX 459.35. The company has a current ratio of 1.53, a quick ratio of 2.55 and a debt-to-equity ratio of 7.35.

Rightmove (LON:RMV) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. Research analysts expect that Rightmove plc will post 30.23 EPS for the current year.

Rightmove declared that its board has authorized a stock buyback program on Friday, July 31st that allows the company to buy back 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

RMV has been the subject of several recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 575 price objective on shares of Rightmove in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 665 price objective on shares of Rightmove in a report on Monday, August 3rd. Citigroup upped their price target on Rightmove from GBX 455 to GBX 486 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 465 price target on shares of Rightmove in a research report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. boosted their target price 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. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 595.12.

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.