Rightmove (LON:RMV) Reaches New 1-Year Low – What’s Next?

Rightmove plc (LON:RMV)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 30.57 ($0.38) and last traded at GBX 640.40 ($8.00), with a volume of 9173496 shares trading hands. The stock had previously closed at GBX 637.20 ($7.96).

Analyst Ratings Changes

A number of brokerages have issued reports on RMV. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a research report on Thursday, December 5th. Shore Capital reiterated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 775 ($9.68) price target on shares of Rightmove in a report on Friday, November 8th.

Rightmove Trading Down 0.3 %

The company has a fifty day moving average of GBX 647.60 and a 200-day moving average of GBX 615. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The company has a market capitalization of £5.02 billion, a price-to-earnings ratio of 2,554.40, a PEG ratio of 2.58 and a beta of 1.05.

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.