Rightmove plc (LON:RMV) Receives Average Rating of “Hold” from Brokerages

Rightmove plc (LON:RMV) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities 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 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 633.12.

Several analysts have issued reports on the stock. Citigroup cut their target price on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 481 price target on shares of Rightmove in a research note on Tuesday, May 5th.

Insider Activity

In related news, insider Lorna Tilbian purchased 3,600 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of GBX 403 per share, for a total transaction of £14,508. Also, insider Amanda James bought 6,016 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of GBX 413 per share, with a total value of £24,846.08. Corporate insiders own 0.37% of the company’s stock.

Rightmove Stock Down 1.8%

Shares of LON:RMV opened at GBX 431.30 on Wednesday. The firm has a 50 day simple moving average of GBX 433.17 and a 200 day simple moving average of GBX 447.01. Rightmove has a 52 week low of GBX 391.40 and a 52 week high of GBX 827. The company has a debt-to-equity ratio of 8.73, a quick ratio of 2.55 and a current ratio of 1.89. The company has a market cap of £3.21 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.

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.