Key Points
- Rightmove insider buying: Lorna Tilbian purchased 3,600 shares of Rightmove on May 22 at GBX 403 per share, totaling £14,508. This insider transaction may signal confidence in the company.
- Stock performance and valuation: Rightmove shares were down 2.7% and traded at GBX 431.80, near the 50-day average of GBX 430.63 but well below the 200-day average of GBX 475.87. The stock has a market cap of £3.24 billion and has ranged from GBX 391.40 to GBX 827 over the past year.
- Analyst sentiment remains mixed: UBS, JPMorgan, and Citigroup have all maintained cautious ratings with target cuts or neutral views, and the stock currently carries a consensus rating of Hold. The average price target stands at GBX 643.75, above the current share price.
Rightmove plc (LON:RMV - Get Free Report) insider Lorna Tilbian acquired 3,600 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 403 per share, with a total value of £14,508.
Rightmove Stock Down 2.7%
Shares of LON RMV opened at GBX 431.80 on Wednesday. The company has a 50 day simple moving average of GBX 430.63 and a 200 day simple moving average of GBX 475.87. The firm has a market cap of £3.24 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88. Rightmove plc has a 1 year low of GBX 391.40 and a 1 year high of GBX 827. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55.
Rightmove (LON:RMV - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share (EPS) for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. On average, research analysts forecast that Rightmove plc will post 30.2327791 EPS for the current year.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. UBS Group reissued a "neutral" rating and set a GBX 481 target price on shares of Rightmove in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of Rightmove from GBX 521 to GBX 489 and set an "underweight" rating for the company in a research report on Thursday, March 19th. Finally, Citigroup decreased their target price on shares of Rightmove from GBX 520 to GBX 455 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Rightmove currently has a consensus rating of "Hold" and an average price target of GBX 643.75.
Read Our Latest Report on Rightmove
Rightmove Company Profile
(
Get Free Report)
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.
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