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

Shares of Rightmove plc (LON:RMV) have been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 643.75.

Several research analysts recently commented on RMV shares. UBS Group reaffirmed a “neutral” rating and issued a GBX 481 price objective on shares of Rightmove in a report on Tuesday, May 5th. Citigroup cut their price objective on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating for the company in a report on Thursday, March 19th.

Insider Buying and Selling at Rightmove

In other news, insider Ruaridh Hook bought 2,077 shares of the stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of GBX 457 per share, for a total transaction of £9,491.89. Also, insider Lorna Tilbian bought 3,600 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of GBX 403 per share, for a total transaction of £14,508. Insiders purchased a total of 16,021 shares of company stock valued at $6,879,805 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Rightmove Stock Up 1.8%

RMV opened at GBX 427.40 on Tuesday. The company has a 50 day moving average of GBX 428.56 and a 200 day moving average of GBX 471.08. The company has a market cap of £3.21 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 827. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13.

Rightmove (LON:RMV) last released its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 EPS for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. On average, sell-side analysts expect that Rightmove will post 30.2327791 EPS 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.