Rightmove plc (LON:RMV – Get Rating) insider Peter Brooks-Johnson acquired 39,282 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was bought at an average cost of GBX 554 ($6.55) per share, with a total value of £217,622.28 ($257,327.99).
Rightmove Price Performance
LON:RMV traded up GBX 3.35 ($0.04) during trading hours on Thursday, hitting GBX 561.95 ($6.64). 1,646,324 shares of the stock were exchanged, compared to its average volume of 2,335,942. Rightmove plc has a 52-week low of GBX 437.80 ($5.18) and a 52-week high of GBX 810 ($9.58). The firm’s fifty day moving average price is GBX 513.82 and its 200 day moving average price is GBX 567.36. 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 market cap of £4.65 billion and a P/E ratio of 2,580.00.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on RMV. Credit Suisse Group decreased their price objective on 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. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Shore Capital reaffirmed a “hold” rating on shares of Rightmove in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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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