Rightmove (LON:RMV) Trading Down 13.1% – Time to Sell?

Rightmove plc (LON:RMV)’s stock price was down 13.1% during trading on Friday . The company traded as low as GBX 474.50 and last traded at GBX 569.54. Approximately 911,986,250 shares were traded during mid-day trading, an increase of 9,745% from the average daily volume of 9,263,196 shares. The stock had previously closed at GBX 655.40.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RMV shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 840 price objective on shares of Rightmove in a research report on Friday, July 25th. Berenberg Bank increased their price target on shares of Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 815 target price on shares of Rightmove in a research report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 787.40.

Rightmove Trading Down 13.2%

The company has a 50 day moving average of GBX 701.37 and a 200 day moving average of GBX 745.52. The firm has a market cap of £4.36 billion, a price-to-earnings ratio of 21.88, 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.