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

Shares of Rightmove plc (LON:RMV) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 633.13.

A number of equities analysts have recently commented on RMV shares. JPMorgan Chase & Co. cut their price target on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating on the stock in a report on Tuesday, June 16th. UBS Group restated a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a research note on Tuesday, May 5th. Finally, Citigroup dropped their price target on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research report on Thursday, April 9th.

Insiders Place Their Bets

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

Rightmove Price Performance

Shares of LON:RMV opened at GBX 437.90 on Friday. The firm has a 50 day moving average of GBX 430.20 and a 200-day moving average of GBX 456.68. The stock has a market capitalization of £3.26 billion, a PE ratio of 15.64, a PEG ratio of 2.58 and a beta of 0.88. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 8.73. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 827.

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.