Rightmove (LON:RMV) Sets New 12-Month High - Here's Why

Rightmove plc (LON:RMV - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 774 ($10.49) and last traded at GBX 773.20 ($10.48), with a volume of 8775129 shares trading hands. The stock had previously closed at GBX 761.20 ($10.32).

Analysts Set New Price Targets

RMV has been the topic of several research reports. Royal Bank of Canada raised their price objective on Rightmove from GBX 630 ($8.54) to GBX 750 ($10.17) and gave the stock a "sector perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. restated an "underweight" rating on shares of Rightmove in a research report on Wednesday, March 12th.

Rightmove Price Performance

The stock has a fifty day simple moving average of GBX 738.09 and a two-hundred day simple moving average of GBX 689.15. The company has a market cap of £6.05 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15.

Rightmove Company Profile

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.