Rightmove (LON:RMV) Hits New 12-Month High - Still a Buy?

Key Points

• Rightmove shares reached a new 52-week high at GBX 822.20 ($10.92), with significant trading volume of 1,310,379 shares.
• Analyst ratings for Rightmove show a consensus of "Moderate Buy" with a range of target prices from GBX 625 ($8.30) to GBX 850 ($11.29).
• The company reported earnings of GBX 14.70 ($0.20) per share and has a net margin of 52.69%, showcasing strong financial performance.

Shares of Rightmove plc (LON:RMV - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 822.20 ($11.06) and last traded at GBX 822.20 ($11.06), with a volume of 1310379 shares traded. The stock had previously closed at GBX 812.20 ($10.92).

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 625 ($8.41) price target on shares of Rightmove in a research report on Wednesday, July 9th. Berenberg Bank lifted their price target on Rightmove from GBX 795 ($10.69) to GBX 850 ($11.43) and gave the stock a "buy" rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 815 ($10.96) price target on shares of Rightmove in a research note on Monday, July 28th. Peel Hunt reissued a "buy" rating and set a GBX 840 ($11.30) price objective on shares of Rightmove in a report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their target price on Rightmove from GBX 750 ($10.09) to GBX 805 ($10.83) and gave the stock a "sector perform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Rightmove currently has a consensus rating of "Moderate Buy" and an average target price of GBX 787 ($10.58).

Rightmove Stock Performance

The company has a 50-day simple moving average of GBX 782.01 and a two-hundred day simple moving average of GBX 727.02. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The firm has a market capitalization of £6.18 billion, a P/E ratio of 31.81, a PEG ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV - Get Free Report) last announced its quarterly earnings data 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, equities analysts forecast that Rightmove plc will post 30.2327791 EPS for the current year.

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.