Rightmove plc (LON:RMV) Stock Has Average Target Price of GBX 595.12

Shares of Rightmove plc (LON:RMV) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One 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 price objective among brokerages that have issued a report on the stock in the last year is GBX 595.12.

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

Rightmove Price Performance

Shares of LON:RMV opened at GBX 461.50 on Monday. 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 1 year low of GBX 391.40 and a 1 year high of GBX 700.40. The business has a fifty day simple moving average of GBX 482.91 and a 200 day simple moving average of GBX 451.14. The firm has a market cap of £3.35 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 2.58 and a beta of 0.91.

Rightmove (LON:RMV) last issued its quarterly earnings data on Friday, July 31st. The company reported GBX 15.60 earnings per share for the quarter. Rightmove had a net margin of 49.72% and a return on equity of 281.32%. As a group, sell-side analysts predict that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Rightmove announced that its Board of Directors has authorized a stock repurchase plan on Friday, July 31st that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.