Rightmove (LON:RMV) Sets New 52-Week Low – Here’s What Happened

Shares of Rightmove plc (LON:RMV) hit a new 52-week low on Monday . The stock traded as low as GBX 423.90 and last traded at GBX 424.30, with a volume of 3407958 shares. The stock had previously closed at GBX 432.90.

Analyst Ratings Changes

Several brokerages recently commented on RMV. Jefferies Financial Group dropped their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th. Peel Hunt reiterated a “buy” rating and issued a GBX 885 target price on shares of Rightmove in a report on Friday, November 7th. JPMorgan Chase & Co. upped their price target on Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada upgraded Rightmove to an “outperform” rating and decreased their target price for the stock from GBX 805 to GBX 775 in a report on Monday, November 10th. Finally, Berenberg Bank dropped their target price on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 708.67.

Rightmove Stock Performance

The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The stock has a 50 day moving average of GBX 485.39 and a 200 day moving average of GBX 600.48. The stock has a market capitalization of £3.15 billion, a P/E ratio of 15.96, a P/E/G 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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.