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Rightmove (LON:RMV) Sets New 12-Month Low - Should You Sell?

Rightmove logo with Communication Services background

Rightmove plc (LON:RMV - Get Free Report)'s stock price reached a new 52-week low during 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 trading hands. The stock had previously closed at GBX 637.20 ($7.84).

Analyst Ratings Changes

A number of research firms have recently weighed in on RMV. Berenberg Bank reissued a "buy" rating and set a GBX 775 ($9.54) target price on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Shore Capital reissued a "buy" rating on shares of Rightmove in a research note on Friday, November 8th.

Check Out Our Latest Research Report on RMV

Rightmove Price Performance

The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The firm's 50-day moving average is GBX 646.03 and its 200-day moving average is GBX 614.10. The company has a market cap of £5.04 billion, a PE ratio of 2,563.20, a PEG ratio of 2.58 and a beta of 1.05.

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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