Rightmove (LON:RMV) Earns Underweight Rating from JPMorgan Chase & Co.

Rightmove (LON:RMV)‘s stock had its “underweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, MarketBeat reports.

Separately, Royal Bank of Canada upped their target price on Rightmove from GBX 630 ($8.16) to GBX 750 ($9.72) and gave the stock a “sector perform” rating in a research report on Monday, March 3rd.

Rightmove Stock Performance

Shares of RMV stock opened at GBX 663.60 ($8.60) on Wednesday. Rightmove has a 12-month low of GBX 499.20 ($6.47) and a 12-month high of GBX 710 ($9.20). The firm has a market capitalization of £5.17 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The business has a 50 day simple moving average of GBX 659.35 and a 200 day simple moving average of GBX 642.95. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55.

Rightmove (LON:RMV) last released its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. On average, equities research analysts anticipate that Rightmove will post 30.2327791 EPS for the current year.

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.