Rightmove’s (RMV) Hold Rating Reiterated at Jefferies Financial Group

Rightmove (LON:RMV)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a report issued on Tuesday, London Stock Exchange reports. They presently have a GBX 465 target price on the stock. Jefferies Financial Group’s price target suggests a potential downside of 5.66% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Berenberg Bank restated 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 reaffirmed a “buy” rating and set a GBX 665 target price on shares of Rightmove in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a research note on Monday, August 3rd. Finally, Citigroup raised their price target on shares of Rightmove from GBX 455 to GBX 486 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rightmove currently has an average rating of “Hold” and an average target price of GBX 595.12.

Rightmove Stock Up 1.4%

Shares of LON RMV opened at GBX 492.90 on Tuesday. Rightmove has a 52 week low of GBX 391.40 and a 52 week high of GBX 747.20. The business has a 50-day simple moving average of GBX 473.35 and a two-hundred day simple moving average of GBX 446.91. The company has a quick ratio of 2.55, a current ratio of 1.53 and a debt-to-equity ratio of 7.35. The company has a market cap of £3.60 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.58 and a beta of 0.91.

Rightmove (LON:RMV) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. Research analysts anticipate that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Rightmove announced that its Board of Directors has initiated a stock repurchase plan on Friday, July 31st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.