JPMorgan Chase & Co. Reiterates “Overweight” Rating for Rightmove (LON:RMV)

Rightmove (LON:RMV)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a GBX 483 ($6.07) price objective on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 11.15% from the stock’s previous close.

Several other equities analysts have also recently commented on RMV. Berenberg Bank lifted their target price on shares of Rightmove from GBX 605 ($7.60) to GBX 650 ($8.16) and gave the stock a “buy” rating in a research report on Friday, March 1st. Shore Capital restated a “buy” rating on shares of Rightmove in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rightmove has a consensus rating of “Moderate Buy” and an average target price of GBX 602.67 ($7.57).

Rightmove Stock Up 3.2 %

RMV opened at GBX 543.60 ($6.83) on Friday. Rightmove has a fifty-two week low of GBX 457.70 ($5.75) and a fifty-two week high of GBX 603 ($7.57). The firm has a market capitalization of £4.32 billion, a P/E ratio of 2,265.00, a PEG ratio of 2.58 and a beta of 0.94. The company’s 50-day moving average is GBX 544.09 and its 200 day moving average is GBX 539.06. The company has a debt-to-equity ratio of 10.67, a current ratio of 2.41 and a quick ratio of 2.55.

Insider Activity at Rightmove

In other Rightmove news, insider Alison Dolan sold 25,257 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 568 ($7.13), for a total value of £143,459.76 ($180,203.19). 0.46% of the stock is owned by company insiders.

Rightmove Company Profile

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.