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

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

Analyst Upgrades and Downgrades

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

Rightmove Stock Up 0.8 %

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. The stock’s 50 day moving average is GBX 646.03 and its 200 day moving average is GBX 614.10. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

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.