Rightmove (LON:RMV) Hits New 12-Month Low – Here’s What Happened

Rightmove plc (LON:RMV) reached 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 traded. The stock had previously closed at GBX 432.90.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RMV shares. Jefferies Financial Group reduced their target price on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a research note on Tuesday, November 25th. Royal Bank Of Canada upgraded shares of Rightmove to an “outperform” rating and decreased their price objective for the stock from GBX 805 to GBX 775 in a report on Monday, November 10th. JPMorgan Chase & Co. raised their target price on shares of Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a research report on Wednesday, December 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 885 target price on shares of Rightmove in a research note on Friday, November 7th. Finally, Berenberg Bank decreased their price target on shares of Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research note 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 708.67.

Rightmove Price Performance

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 cap of £3.22 billion, a PE ratio of 16.32, a P/E/G ratio of 2.58 and a beta of 1.05. The firm has a 50 day moving average of GBX 491.76 and a two-hundred day moving average of GBX 607.22.

About Rightmove

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.