Rightmove (LON:RMV) Hits New 12-Month High at $641.20

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Rightmove Plc (LON:RMV) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 641.20 ($8.38) and last traded at GBX 636.60 ($8.32), with a volume of 667956 shares. The stock had previously closed at GBX 619.60 ($8.10).

RMV has been the subject of a number of research reports. Shore Capital cut shares of Rightmove to a “sell” rating in a research report on Friday, November 1st. Peel Hunt restated a “reduce” rating and set a GBX 450 ($5.88) target price on shares of Rightmove in a research report on Friday, November 22nd. Peel Hunt restated a “reduce” rating and set a GBX 450 ($5.88) target price on shares of Rightmove in a research report on Friday, November 22nd. Liberum Capital restated a “hold” rating on shares of Rightmove in a research report on Thursday, September 26th. Finally, Deutsche Bank restated a “hold” rating on shares of Rightmove in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Rightmove has an average rating of “Sell” and an average price target of GBX 517.67 ($6.76).

The business’s 50-day moving average price is GBX 595.19 and its two-hundred day moving average price is GBX 556.50. The company has a debt-to-equity ratio of 26.58, a current ratio of 1.94 and a quick ratio of 1.81. The firm has a market cap of $5.46 billion and a price-to-earnings ratio of 33.83.

In other news, insider Peter Brooks-Johnson sold 254,510 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of GBX 542 ($7.08), for a total value of £1,379,444.20 ($1,802,488.17).

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.

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