Rightmove plc (LON:RMV) Given Consensus Rating of “Hold” by Analysts

Shares of Rightmove plc (LON:RMV) have earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 643.75.

A number of equities research analysts recently commented on the stock. Citigroup lowered 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. UBS Group reaffirmed a “neutral” rating and issued a GBX 481 price target on shares of Rightmove in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lowered 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.

Insider Buying and Selling at Rightmove

In other Rightmove news, insider Johan Svanström bought 4,328 shares of the stock in a transaction on Thursday, March 12th. The shares were acquired at an average price of GBX 461 per share, with a total value of £19,952.08. Also, insider Amanda James bought 6,016 shares of the stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of GBX 413 per share, for a total transaction of £24,846.08. Over the last quarter, insiders acquired 16,021 shares of company stock worth $6,879,805. 0.42% of the stock is owned by insiders.

Rightmove Trading Down 0.1%

LON:RMV opened at GBX 436.50 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. The stock has a market capitalization of £3.25 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88. The firm’s 50 day moving average is GBX 430.23 and its 200 day moving average is GBX 467.04. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 827.

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.