Rightmove (LON:RMV) Sets New 1-Year High – What’s Next?

Rightmove plc (LON:RMV)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 786.40 ($10.65) and last traded at GBX 785.20 ($10.63), with a volume of 3453761 shares changing hands. The stock had previously closed at GBX 775.20 ($10.50).

Analysts Set New Price Targets

RMV has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Rightmove from GBX 630 ($8.53) to GBX 750 ($10.15) and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research report on Wednesday, March 12th.

Rightmove Price Performance

The company has a 50 day moving average of GBX 751.67 and a two-hundred day moving average of GBX 696.61. The firm has a market cap of £6.12 billion, a P/E ratio of 31.49, a PEG ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 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.