JPMorgan Chase & Co. Reiterates Overweight Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Marketbeat reports. They currently have a GBX 483 ($6.07) price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 11.15% from the stock’s current price.

RMV has been the subject of several other reports. Berenberg Bank lifted their target price on shares of Rightmove from GBX 605 ($7.60) to GBX 650 ($8.16) and gave the company a “buy” rating in a report on Friday, March 1st. Shore Capital reissued a “buy” rating on shares of Rightmove in a report on Monday, March 4th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, Rightmove currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 602.67 ($7.57).

Rightmove Trading Up 3.2 %

Shares of LON RMV opened at GBX 543.60 ($6.83) on Friday. The stock has a market cap of £4.32 billion, a P/E ratio of 2,265.00, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. The company has a debt-to-equity ratio of 10.67, a current ratio of 2.41 and a quick ratio of 2.55. Rightmove has a 1 year low of GBX 457.70 ($5.75) and a 1 year high of GBX 603 ($7.57). The firm has a 50-day moving average of GBX 544.09 and a 200 day moving average of GBX 539.06.

Insider Activity at Rightmove

In related news, insider Alison Dolan sold 25,257 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 568 ($7.13), for a total value of £143,459.76 ($180,203.19). 0.46% of the stock is 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.