Rightmove (LON:RMV) Hits New 1-Year Low – Here’s What Happened

Rightmove plc (LON:RMV) hit a new 52-week low on Thursday . The company traded as low as GBX 30.57 ($0.38) and last traded at GBX 640.40 ($7.88), with a volume of 9173496 shares changing hands. The stock had previously closed at GBX 637.20 ($7.84).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RMV. Shore Capital restated a “buy” rating on shares of Rightmove in a research note on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research report on Thursday, December 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 775 ($9.54) price objective on shares of Rightmove in a research report on Friday, November 8th.

Rightmove Stock Up 0.8 %

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 50-day moving average of GBX 646.03 and a 200-day moving average of GBX 614.10. The firm has a market cap of £5.05 billion, a price-to-earnings ratio of 2,568.00, a price-to-earnings-growth 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.