Rightmove (LON:RMV) Sets New 1-Year High – Time to Buy?

Rightmove plc (LON:RMV) reached a new 52-week high during mid-day trading 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. The stock had previously closed at GBX 761.20 ($10.32).

Wall Street Analyst Weigh In

A number of brokerages recently commented on RMV. Royal Bank of Canada upped their price target on shares of Rightmove from GBX 630 ($8.54) to GBX 750 ($10.17) and gave the company a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a research report on Wednesday, March 12th.

Rightmove Stock 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’s 50-day moving average price is GBX 738.09 and its 200-day moving average price is GBX 689.15. The company has a market cap of £6.11 billion, a P/E ratio of 31.43, a PEG 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.