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

Shares of Rightmove plc (LON:RMV) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 595.12.

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

Rightmove Price Performance

LON:RMV opened at GBX 547.60 on Friday. Rightmove has a 52-week low of GBX 391.40 and a 52-week high of GBX 597. 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 firm has a market capitalization of £3.97 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.58 and a beta of 0.94. The stock has a fifty day moving average of GBX 497.53 and a 200 day moving average of GBX 460.19.

Rightmove declared that its Board of Directors has authorized a share buyback plan on Friday, July 31st that permits the company to buy back shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Share buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Rosemary Leith bought 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The stock was bought at an average price of GBX 542 per share, for a total transaction of £12,466. 0.37% of the stock is owned by insiders.

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.