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

Shares of Rightmove plc (LON:RMVGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 391.40 and last traded at GBX 422.90, with a volume of 6032246 shares trading hands. The stock had previously closed at GBX 428.90.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Rightmove from GBX 521 to GBX 489 and set an “underweight” rating for the company in a research report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, Rightmove currently has a consensus rating of “Hold” and a consensus target price of GBX 702.33.

Check Out Our Latest Stock Report on RMV

Rightmove Price Performance

The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. The company has a fifty day moving average price of GBX 444.76 and a two-hundred day moving average price of GBX 542.48. The firm has a market cap of £3.26 billion, a P/E ratio of 16.51, a PEG ratio of 2.58 and a beta of 0.99.

Rightmove (LON:RMVGet Free Report) last posted its earnings results on Friday, February 27th. The company reported GBX 29.10 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. Equities analysts anticipate that Rightmove plc will post 30.2327791 earnings per share for the current year.

Insider Buying and Selling at Rightmove

In related news, insider Ruaridh Hook acquired 2,077 shares of the stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of GBX 457 per share, with a total value of £9,491.89. Also, insider Johan Svanström acquired 4,328 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of GBX 461 per share, for a total transaction of £19,952.08. 0.37% of the stock is owned by corporate insiders.

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

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