Rightmove plc (LON:RMV – Get Rating) insider Peter Brooks-Johnson purchased 39,282 shares of Rightmove stock in a transaction dated Wednesday, November 23rd. The stock was bought at an average price of GBX 554 ($6.55) per share, with a total value of £217,622.28 ($257,327.99).
Rightmove Price Performance
Shares of RMV stock opened at GBX 569.60 ($6.74) on Friday. The firm has a market capitalization of £4.71 billion and a PE ratio of 2,589.09. The company has a current ratio of 2.75, a quick ratio of 2.55 and a debt-to-equity ratio of 15.41. The company has a 50 day moving average price of GBX 513.15 and a two-hundred day moving average price of GBX 567.37.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Rightmove from GBX 634 ($7.50) to GBX 497 ($5.88) and set a “neutral” rating for the company in a report on Tuesday, October 18th. Shore Capital restated a “hold” rating on shares of Rightmove in a report on Friday, July 29th. Finally, Credit Suisse Group reduced their target price on shares of Rightmove from GBX 618 ($7.31) to GBX 608 ($7.19) and set a “neutral” rating for the company in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 646.13 ($7.64).
Rightmove Company Profile
Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords.
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