Rightmove (LON:RMV) Releases Quarterly Earnings Results

Rightmove (LON:RMV) issued its quarterly earnings results on Friday. The company reported GBX 12.80 ($0.16) earnings per share (EPS) for the quarter, reports. Rightmove had a return on equity of 293.54% and a net margin of 52.69%.

Rightmove Trading Up 4.3 %

Shares of RMV stock opened at GBX 671 ($8.44) on Friday. The firm has a market capitalization of £5.23 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.58 and a beta of 1.05. Rightmove has a twelve month low of GBX 499.20 ($6.28) and a twelve month high of GBX 710 ($8.93). The stock’s fifty day simple moving average is GBX 653.70 and its 200 day simple moving average is GBX 632.71. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RMV shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 775 ($9.75) price target on shares of Rightmove in a research note on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research report on Thursday, December 5th. Finally, Shore Capital restated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th.

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.