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Rightmove (LON:RMV) Hits New 52-Week High - Time to Buy?

Rightmove logo with Communication Services background

Rightmove plc (LON:RMV - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as GBX 795.20 ($10.67) and last traded at GBX 792.60 ($10.63), with a volume of 3209545 shares. The stock had previously closed at GBX 789.60 ($10.59).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 625 ($8.38) price target on shares of Rightmove in a research note on Wednesday, July 9th.

Read Our Latest Stock Analysis on RMV

Rightmove Stock Down 0.5%

The stock has a 50 day moving average price of GBX 767.70 and a 200 day moving average price of GBX 712.52. The stock has a market capitalization of £6.18 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

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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