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Rightmove (LON:RMV) Hits New 12-Month High - Time to Buy?

Rightmove logo with Communication Services background

Shares of Rightmove plc (LON:RMV - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 772.60 ($10.43) and last traded at GBX 761.80 ($10.28), with a volume of 2290424 shares. The stock had previously closed at GBX 757.77 ($10.23).

Analyst Ratings Changes

RMV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Rightmove in a report on Wednesday, March 12th. Royal Bank of Canada upped their target price on Rightmove from GBX 630 ($8.50) to GBX 750 ($10.12) and gave the stock a "sector perform" rating in a report on Monday, March 3rd.

View Our Latest Research Report on RMV

Rightmove Trading Down 0.2%

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 business's fifty day moving average price is GBX 725.26 and its 200 day moving average price is GBX 680.04. The firm has a market capitalization of £5.81 billion, a PE ratio of 29.89, a P/E/G ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. As a group, analysts expect that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

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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