Analysts Set Rightmove plc (LON:RMV) PT at GBX 643.75

Rightmove plc (LON:RMV) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two 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 twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 643.75.

A number of equities research analysts have weighed in on RMV shares. UBS Group reiterated a “neutral” rating and set a GBX 481 target price on shares of Rightmove in a research note on Tuesday, May 5th. Citigroup decreased their target price on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating for the company in a research note on Thursday, March 19th.

Insider Activity at Rightmove

In related news, insider Amanda James bought 6,016 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of GBX 413 per share, for a total transaction of £24,846.08. Also, insider Johan Svanström bought 4,328 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of GBX 461 per share, with a total value of £19,952.08. Insiders have acquired a total of 16,021 shares of company stock valued at $6,879,805 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Rightmove Price Performance

Shares of RMV opened at GBX 446.50 on Tuesday. The firm has a market cap of £3.35 billion, a PE ratio of 15.95, a P/E/G 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 13.13. The firm has a fifty day simple moving average of GBX 429.68 and a two-hundred day simple moving average of GBX 468.41. Rightmove has a 1-year low of GBX 391.40 and a 1-year high of GBX 827.

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.