Brokerages Set Rightmove plc (LON:RMV) PT at GBX 633.12

Shares of Rightmove plc (LON:RMV) have received a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 607.14.

Several analysts have issued reports on RMV shares. Citigroup dropped 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 report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a report on Tuesday, June 16th.

Insider Buying and Selling

In other news, insider Amanda James purchased 6,016 shares of Rightmove stock in a transaction on Thursday, May 21st. The stock was 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 the firm’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of GBX 403 per share, with a total value of £14,508. Corporate insiders own 0.37% of the company’s stock.

Rightmove Trading Down 0.1%

RMV opened at GBX 473.70 on Wednesday. The stock has a market capitalization of £3.53 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.58 and a beta of 0.90. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 8.73. Rightmove has a 12 month low of GBX 391.40 and a 12 month high of GBX 827. The firm’s fifty day simple moving average is GBX 436.63 and its 200 day simple moving average is GBX 444.59.

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.