Rightmove (LON:RMV) Sets New 1-Year High at $641.20
Rightmove Plc (LON:RMV)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 641.20 ($8.38) and last traded at GBX 636.60 ($8.32), with a volume of 667956 shares traded. The stock had previously closed at GBX 619.60 ($8.10).
Several brokerages recently commented on RMV. Goldman Sachs Group upgraded shares of Rightmove to a “neutral” rating and lifted their price target for the stock from GBX 522 ($6.82) to GBX 653 ($8.53) in a research note on Tuesday. Peel Hunt reiterated a “reduce” rating and set a GBX 450 ($5.88) price target on shares of Rightmove in a research note on Friday, November 22nd. Liberum Capital reiterated a “hold” rating on shares of Rightmove in a research note on Thursday, September 26th. Deutsche Bank reiterated a “hold” rating on shares of Rightmove in a research note on Tuesday, October 22nd. Finally, Peel Hunt reissued a “reduce” rating and set a GBX 450 ($5.88) price objective on shares of Rightmove in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus target price of GBX 517.67 ($6.76).
The company has a debt-to-equity ratio of 26.58, a quick ratio of 1.81 and a current ratio of 1.94. The company has a market capitalization of $5.46 billion and a PE ratio of 33.83. The company’s 50-day simple moving average is GBX 595.19 and its 200-day simple moving average is GBX 556.50.
About Rightmove (LON:RMV)
Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.
Read More: Debt-To-Equity Ratio
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