Shares of Rightmove plc (LON:RMV - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 822.20 ($10.92) and last traded at GBX 822.20 ($10.92), with a volume of 1310379 shares changing hands. The stock had previously closed at GBX 812.20 ($10.78).
Analyst Ratings Changes
Several research firms have recently weighed in on RMV. Peel Hunt reaffirmed a "buy" rating and issued a GBX 840 ($11.15) price target on shares of Rightmove in a report on Friday, July 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a GBX 625 ($8.30) target price on shares of Rightmove in a research note on Wednesday, July 9th. Royal Bank Of Canada increased their target price on shares of Rightmove from GBX 750 ($9.96) to GBX 805 ($10.69) and gave the stock a "sector perform" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 815 ($10.82) target price on shares of Rightmove in a report on Monday, July 28th. Finally, Berenberg Bank raised their price objective on shares of Rightmove from GBX 795 ($10.56) to GBX 850 ($11.29) and gave the stock a "buy" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Rightmove has an average rating of "Moderate Buy" and an average target price of GBX 787 ($10.45).
Check Out Our Latest Report on RMV
Rightmove Stock Up 1.2%
The firm has a market cap of £6.41 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.58 and a beta of 1.05. 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's 50 day simple moving average is GBX 776.85 and its two-hundred day simple moving average is GBX 723.49.
Rightmove (LON:RMV - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported GBX 14.70 ($0.20) 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, research analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current year.
About Rightmove
(
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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