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

Rightmove plc (LON:RMV) has received an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 702.33.

Separately, JPMorgan Chase & Co. dropped their price target on Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a research report on Thursday, March 19th.

Insider Activity

In other Rightmove news, insider Ruaridh Hook bought 2,077 shares of Rightmove stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of GBX 457 per share, for a total transaction of £9,491.89. Also, insider Johan Svanström purchased 4,328 shares of the stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of GBX 461 per share, for a total transaction of £19,952.08. 0.37% of the stock is owned by corporate insiders.

Rightmove Stock Performance

Shares of RMV stock opened at GBX 420.01 on Thursday. The firm has a market cap of £3.19 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 2.58 and a beta of 0.99. 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 52 week low of GBX 410.70 and a 52 week high of GBX 827. The firm’s 50-day simple moving average is GBX 456.70 and its two-hundred day simple moving average is GBX 556.36.

Rightmove (LON:RMV) last released its earnings results 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%. As a group, equities analysts forecast that Rightmove will post 30.2327791 earnings per share for the current year.

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.