Rightmove (LON:RMV) Shares Down 12.5% – Time to Sell?

by · The Cerbat Gem

Rightmove plc (LON:RMV – Get Free Report)’s share price dropped 12.5% on Friday . The stock traded as low as GBX 474.50 and last traded at GBX 573.69. Approximately 24,167,318 shares traded hands during trading, an increase of 367% from the average daily volume of 5,171,865 shares. The stock had previously closed at GBX 655.40.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on RMV

Rightmove Stock Down 12.5%

The business has a 50-day moving average price of GBX 701.37 and a 200 day moving average price of GBX 745.52. 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 stock has a market capitalization of £4.40 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.58 and a beta of 1.05.

Rightmove Company Profile

(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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