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

Rightmove plc (LON:RMV) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 595.12.

Several research firms recently weighed in on RMV. 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. UBS Group reaffirmed a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their target price on Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating in a research report on Monday, August 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 575 price target on shares of Rightmove in a research note on Monday, August 3rd. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 465 price target on shares of Rightmove in a report on Friday, July 31st.

Rightmove Stock Performance

Shares of Rightmove stock opened at GBX 507.60 on Friday. Rightmove has a fifty-two week low of GBX 391.40 and a fifty-two week high of GBX 782.60. The company has a debt-to-equity ratio of 7.35, a current ratio of 1.53 and a quick ratio of 2.55. The firm has a market capitalization of £3.75 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.58 and a beta of 0.90. The company’s 50 day moving average price is GBX 449.67 and its two-hundred day moving average price is GBX 442.39.

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

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

Insider Buying and Selling

In other Rightmove news, insider Amanda James purchased 6,016 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of GBX 413 per share, with a total value of £24,846.08. Also, insider Lorna Tilbian purchased 3,600 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of GBX 403 per share, with a total value of £14,508. Insiders own 0.42% 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.