Rightmove (LON:RMV) Stock Price Down 12.5% – What’s Next?

by · The Cerbat Gem

Rightmove plc (LON:RMV – Get Free Report) shares traded down 12.5% during mid-day trading on Friday . The stock traded as low as GBX 474.50 and last traded at GBX 573.69. 24,167,318 shares changed hands during mid-day trading, an increase of 367% from the average session volume of 5,171,865 shares. The stock had previously closed at GBX 655.40.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Friday, October 10th. Berenberg Bank increased their price target on Rightmove from GBX 795 to GBX 850 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada boosted their price objective on Rightmove from GBX 750 to GBX 805 and gave the stock a “sector perform” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 price objective on shares of Rightmove in a research note on Monday, July 28th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 885 target price on shares of Rightmove in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 796.40.

View Our Latest Research Report on RMV

Rightmove Price Performance

The company has a market capitalization of £4.40 billion, a PE ratio of 22.07, a P/E/G ratio of 2.58 and a beta of 1.05. 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 price of GBX 697.98 and a two-hundred day moving average price of GBX 744.35.

About Rightmove

(Get Free Report)

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.

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