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

Rightmove plc (LON:RMV) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 30.57 ($0.38) and last traded at GBX 640.40 ($8.00), with a volume of 9173496 shares changing hands. The stock had previously closed at GBX 637.20 ($7.96).

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 775 ($9.68) price objective on shares of Rightmove in a report on Friday, November 8th.

Rightmove Trading Down 0.3 %

The firm has a market capitalization of £5.02 billion, a P/E ratio of 2,554.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The stock has a 50-day simple moving average of GBX 647.60 and a two-hundred day simple 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.

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.