Rightmove (LON:RMV) Reaches New 52-Week Low – Should You Sell?

Rightmove plc (LON:RMV) reached a new 52-week low on Tuesday . The company traded as low as GBX 436.70 and last traded at GBX 443.40, with a volume of 19371246 shares changing hands. The stock had previously closed at GBX 440.70.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RMV. Berenberg Bank lowered their price objective on Rightmove from GBX 850 to GBX 785 and set a “buy” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group dropped their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a research report on Tuesday, November 25th. Royal Bank Of Canada raised shares of Rightmove to an “outperform” rating and reduced their price objective for the company from GBX 805 to GBX 775 in a research note on Monday, November 10th. JPMorgan Chase & Co. lifted their target price on shares of Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a research note on Wednesday, December 3rd. Finally, Peel Hunt restated a “buy” rating and issued a GBX 885 target price on shares of Rightmove in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 708.67.

Rightmove Trading Up 0.6%

The business has a fifty day moving average of GBX 509.39 and a 200-day moving average of GBX 630.76. 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 company has a market capitalization of £3.37 billion, a P/E ratio of 17.05, a PEG ratio of 2.58 and a beta of 1.05.

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.