Rightmove (LON:RMV) Stock Price Down 12.5% – What’s Next?

Shares of Rightmove plc (LON:RMV) fell 12.5% during mid-day trading on Saturday . The stock traded as low as GBX 474.50 and last traded at GBX 573.69. 24,167,318 shares traded hands during trading, an increase of 367% from the average session volume of 5,171,865 shares. The stock had previously closed at GBX 655.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RMV shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 815 target price on shares of Rightmove in a research report on Monday, July 28th. Peel Hunt reiterated a “buy” rating and set a GBX 885 price target on shares of Rightmove in a research report on Friday. Royal Bank Of Canada boosted their price objective on Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a research report on Monday, July 28th. Berenberg Bank upped their target price on Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rightmove presently has an average rating of “Hold” and a consensus price target of GBX 796.40.

Rightmove Price Performance

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 stock has a market capitalization of £4.40 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The stock’s 50 day moving average is GBX 697.98 and its two-hundred day moving average is GBX 744.35.

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.