Jefferies Financial Group Reaffirms “Underperform” Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “underperform” rating restated by Jefferies Financial Group in a research note issued on Friday,Digital Look reports. They presently have a GBX 465 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 0.22% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group restated a “neutral” rating and set a GBX 481 price objective on shares of Rightmove in a report on Tuesday, May 5th. Citigroup lowered their target price on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on Rightmove from GBX 489 to GBX 404 and set an “underweight” rating on the stock in a research note on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Rightmove has an average rating of “Hold” and an average target price of GBX 607.14.

Rightmove Stock Performance

Shares of RMV stock opened at GBX 464 on Friday. The company has a debt-to-equity ratio of 8.73, a quick ratio of 2.55 and a current ratio of 1.89. Rightmove has a 52 week low of GBX 391.40 and a 52 week high of GBX 827. The company’s 50 day moving average price is GBX 439.33 and its two-hundred day moving average price is GBX 444.12. The company has a market capitalization of £3.46 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.

Insider Transactions at Rightmove

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