Rightmove plc (LON:RMV) Stock Has Consensus Target Price of GBX 595.12 According to Analysts

Rightmove plc (LON:RMV) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 595.12.

Several brokerages have issued reports on RMV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 665 target price on shares of Rightmove in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 465 price target on shares of Rightmove in a research report on Tuesday, September 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 575 price target on shares of Rightmove in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on shares of Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Finally, Citigroup increased their price objective on shares of Rightmove from GBX 455 to GBX 486 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th.

Insider Buying and Selling at Rightmove

In other Rightmove news, insider Rosemary Leith acquired 2,300 shares of the stock in a transaction dated Wednesday, October 21st. The stock was acquired at an average cost of GBX 542 per share, with a total value of £12,466. Insiders own 0.37% of the company’s stock.

Rightmove Stock Performance

Shares of RMV stock opened at GBX 511.50 on Friday. Rightmove has a 52-week low of GBX 391.40 and a 52-week high of GBX 677.60. 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 stock has a market cap of £3.71 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. The business has a 50-day simple moving average of GBX 494.66 and a 200-day simple moving average of GBX 459.63.

Rightmove (LON:RMV) last issued its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. On average, equities analysts expect that Rightmove will post 30.23 EPS for the current year.

Rightmove declared that its board has approved a stock buyback program on Friday, July 31st that authorizes the company to repurchase shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Share buyback programs are usually an indication that the company’s board of directors believes its shares are 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.