Rightmove (LON:RMV) Given New GBX 404 Price Target at JPMorgan Chase & Co.

Rightmove (LON:RMV) had its target price decreased by research analysts at JPMorgan Chase & Co. from GBX 489 to GBX 404 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 7.76% from the company’s current price.

Several other brokerages have also issued reports on RMV. Citigroup cut their target price on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a research note on Thursday, April 9th. UBS Group reissued a “neutral” rating and set a GBX 481 price target on shares of Rightmove in a research note on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rightmove currently has a consensus rating of “Hold” and a consensus price target of GBX 633.13.

Rightmove Price Performance

Shares of LON RMV traded up GBX 2.40 during mid-day trading on Tuesday, reaching GBX 438. 30,929,518 shares of the company were exchanged, compared to its average volume of 36,215,711. The company has a quick ratio of 2.55, a current ratio of 1.89 and a debt-to-equity ratio of 13.13. The company’s 50 day moving average price is GBX 431.31 and its 200 day moving average price is GBX 463.10. Rightmove has a 52 week low of GBX 391.40 and a 52 week high of GBX 827. The stock has a market capitalization of £3.26 billion, a PE ratio of 15.64, a PEG ratio of 2.58 and a beta of 0.88.

Insider Buying and Selling at Rightmove

In other news, insider Lorna Tilbian acquired 3,600 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of GBX 403 per share, for a total transaction of £14,508. Also, insider Amanda James acquired 6,016 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of GBX 413 per share, with a total value of £24,846.08. Corporate insiders own 0.42% of the company’s stock.

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.