Rightmove plc (RMV.L) – What Are Analysts Thinking About This Stock?

Shares of Rightmove plc (LON:RMV) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 595.12.

RMV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating in a report on Monday, August 3rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 575 price objective on shares of Rightmove in a report on Monday, August 3rd. Citigroup lifted their price objective on Rightmove from GBX 455 to GBX 486 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 465 target price on shares of Rightmove in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 665 target price on shares of Rightmove in a research note on Monday, August 3rd.

Rightmove Stock Performance

Shares of RMV opened at GBX 488.90 on Monday. The business’s fifty day simple moving average is GBX 484.04 and its two-hundred day simple moving average is GBX 452.07. The company has a current ratio of 1.53, a quick ratio of 2.55 and a debt-to-equity ratio of 7.35. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 693.80. The company has a market cap of £3.54 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.58 and a beta of 0.94.

Rightmove (LON:RMV) last posted its earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. Research analysts anticipate that Rightmove will post 30.23 earnings per share for the current fiscal year.

Rightmove announced that its Board of Directors has approved a share repurchase program on Friday, July 31st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

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.