Rightmove (LON:RMV) Hits New 12-Month High - Here's What Happened

Rightmove plc (LON:RMV - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 774 ($10.50) and last traded at GBX 773.20 ($10.49), with a volume of 8775129 shares traded. The stock had previously closed at GBX 761.20 ($10.33).

Wall Street Analysts Forecast Growth

RMV has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Rightmove in a research report on Wednesday, March 12th. Royal Bank of Canada increased their price objective on shares of Rightmove from GBX 630 ($8.55) to GBX 750 ($10.18) and gave the stock a "sector perform" rating in a research note on Monday, March 3rd.

Rightmove Price Performance

The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The stock has a fifty day simple moving average of GBX 742.57 and a 200-day simple moving average of GBX 691.21. The company has a market capitalization of £6.02 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.58 and a beta of 1.05.

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.