Rightmove’s (RMV) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Rightmove (LON:RMV) in a report released on Monday morning, MarketBeat reports. They currently have a GBX 665 target price on the stock.

A number of other research firms also recently weighed in on RMV. Berenberg Bank reissued a “buy” rating and set a GBX 575 price target on shares of Rightmove in a research note on Monday. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 465 target price on shares of Rightmove in a research report on Friday, July 31st. Citigroup cut their price target on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. UBS Group reaffirmed a “neutral” rating and set a GBX 481 price objective on shares of Rightmove in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating in a report on Monday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 595.12.

Rightmove Price Performance

Shares of RMV stock opened at GBX 477.57 on Monday. The stock’s fifty day moving average is GBX 442.08 and its 200-day moving average is GBX 442.88. The company has a debt-to-equity ratio of 7.35, a quick ratio of 2.55 and a current ratio of 1.53. The stock has a market capitalization of £3.56 billion, a PE ratio of 16.70, a PEG ratio of 2.58 and a beta of 0.90. Rightmove has a 52 week low of GBX 391.40 and a 52 week high of GBX 827.

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

Rightmove declared that its Board of Directors has initiated a stock buyback plan on Friday, July 31st that allows the company to repurchase 0 shares. This repurchase authorization allows 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 shares are undervalued.

Insider Buying and Selling

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

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.