Rightmove (LON:RMV) Receives Buy Rating from Peel Hunt

Rightmove (LON:RMV)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research report issued to clients and investors on Friday,London Stock Exchange reports. They currently have a GBX 840 ($11.29) target price on the stock. Peel Hunt’s target price suggests a potential upside of 5.95% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada raised their price target on Rightmove from GBX 750 ($10.08) to GBX 805 ($10.82) and gave the stock a “sector perform” rating in a report on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 625 ($8.40) price objective on shares of Rightmove in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rightmove presently has a consensus rating of “Hold” and an average target price of GBX 761.25 ($10.23).

Rightmove Price Performance

LON RMV opened at GBX 792.80 ($10.65) on Friday. The firm’s fifty day simple moving average is GBX 772.66 and its two-hundred day simple moving average is GBX 717.70. The firm has a market capitalization of £6.18 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. Rightmove has a 12-month low of GBX 504.60 ($6.78) and a 12-month high of GBX 801.20 ($10.77).

Rightmove (LON:RMV) last posted its quarterly earnings data on Friday, July 25th. The company reported GBX 14.70 ($0.20) earnings per share for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. Analysts forecast that Rightmove will post 30.2327791 EPS for the current fiscal 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.