Key Points
- Insider purchase: Rightmove director Rosemary Leith bought 2,300 shares at GBX 542 each, investing approximately £12,466.
- Share performance and financials: The stock opened at GBX 543.20 and has a £3.94 billion market capitalization. Rightmove reported quarterly EPS of GBX 15.60, a 49.72% net margin, and a 281.32% return on equity.
- Analyst view: Coverage is mixed, with four Buy, three Hold, and one Sell rating; the consensus rating is Hold with an average price target of GBX 595.12.
Rightmove plc (LON:RMV - Get Free Report) insider Rosemary Leith acquired 2,300 shares of the stock in a transaction dated Wednesday, October 21st. The stock was bought at an average price of GBX 542 per share, with a total value of £12,466.
Rightmove Stock Up 2.1%
Rightmove stock opened at GBX 543.20 on Thursday. The company has a market capitalization of £3.94 billion, a PE ratio of 18.99, a PEG ratio of 2.58 and a beta of 0.94. Rightmove plc has a 12-month low of GBX 391.40 and a 12-month high of GBX 693.80. The firm's fifty day moving average is GBX 490.99 and its 200 day moving average is GBX 457.75. The company has a quick ratio of 2.55, a current ratio of 1.53 and a debt-to-equity ratio of 7.35.
Rightmove (LON:RMV - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a net margin of 49.72% and a return on equity of 281.32%. As a group, sell-side analysts predict that Rightmove plc will post 30.23 EPS for the current fiscal year.
Rightmove declared that its Board of Directors has authorized a stock repurchase plan on Friday, July 31st that authorizes the company to buy back 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on RMV shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 665 price objective on shares of Rightmove in a research report on Monday, August 3rd. Citigroup raised their price objective on Rightmove from GBX 455 to GBX 486 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Berenberg Bank restated a "buy" rating and set a GBX 575 price objective on shares of Rightmove in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on Rightmove from GBX 404 to GBX 429 and gave the stock an "underweight" rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 465 target price on shares of Rightmove in a research report on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rightmove has an average rating of "Hold" and an average price target of GBX 595.12.
Check Out Our Latest Analysis on Rightmove
About Rightmove
(
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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