Rightmove (LON:RMV) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Rightmove (LON:RMV)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday,London Stock Exchange reports. They presently have a GBX 665 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 40.56% from the company’s previous close.

A number of other brokerages have also recently issued reports on RMV. Berenberg Bank reiterated a “buy” rating and set a GBX 575 price objective on shares of Rightmove in a report on Monday. UBS Group reaffirmed a “neutral” rating and issued a GBX 481 price target on shares of Rightmove in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating in a research note on Monday. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 465 price objective on shares of Rightmove in a research note on Friday. Finally, Citigroup dropped their target price on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 591.25.

Rightmove Trading Up 1.8%

Shares of Rightmove stock opened at GBX 473.10 on Monday. The company has a debt-to-equity ratio of 7.35, a quick ratio of 2.55 and a current ratio of 1.53. Rightmove has a 52 week low of GBX 391.40 and a 52 week high of GBX 827. The stock has a 50 day moving average price of GBX 439.74 and a two-hundred day moving average price of GBX 443.76. The stock has a market capitalization of £3.53 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.

Rightmove (LON:RMV) last issued its earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. As a group, equities analysts anticipate that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Rightmove announced that its Board of Directors has initiated a share buyback plan on Friday, July 31st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Rightmove news, insider Lorna Tilbian purchased 3,600 shares of the stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of GBX 403 per share, with a total value of £14,508. Also, insider Amanda James purchased 6,016 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of GBX 413 per share, for a total transaction of £24,846.08. 0.37% of the stock is owned by corporate insiders.

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.