Rightmove (LON:RMV) Insider Buys £24,846.08 in Stock

Rightmove plc (LON:RMV) insider Amanda James bought 6,016 shares of Rightmove stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of GBX 413 per share, with a total value of £24,846.08.

Rightmove Stock Performance

LON:RMV opened at GBX 399.94 on Friday. The business’s 50-day moving average price is GBX 431.77 and its two-hundred day moving average price is GBX 480.77. Rightmove plc has a twelve month low of GBX 391.40 and a twelve month high of GBX 827. The stock has a market cap of £3.00 billion, a P/E ratio of 14.28, a PEG ratio of 2.58 and a beta of 0.88. The company has a quick ratio of 2.55, a current ratio of 1.89 and a debt-to-equity ratio of 13.13.

Rightmove (LON:RMV) last issued its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 EPS for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. As a group, equities analysts predict that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup reduced their price target on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. UBS Group reissued a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a research report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 643.75.

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.