Rightmove plc (LON:RMV) Given Average Recommendation of “Hold” by Brokerages

Rightmove plc (LON:RMV) has been given an average rating of “Hold” by the eight brokerages that are covering the company, 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 target among analysts that have issued ratings on the stock in the last year is GBX 595.12.

Several research analysts have weighed in on RMV shares. JPMorgan Chase & Co. lifted their target price on Rightmove from GBX 404 to GBX 429 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 465 price target on shares of Rightmove in a research note on Tuesday. Citigroup upped 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. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 575 target price on shares of Rightmove in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 665 price target on shares of Rightmove in a research note on Monday, August 3rd.

Rightmove Trading Down 0.8%

LON RMV opened at GBX 463.60 on Thursday. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 732.60. The company has a current ratio of 1.53, a quick ratio of 2.55 and a debt-to-equity ratio of 7.35. The company has a market cap of £3.39 billion, a PE ratio of 16.21, a PEG ratio of 2.58 and a beta of 0.91. The stock has a 50 day moving average of GBX 474.52 and a 200-day moving average of GBX 447.59.

Rightmove (LON:RMV) last announced its quarterly 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%. On average, equities research analysts anticipate that Rightmove will post 30.2327791 EPS for the current fiscal year.

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