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

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 815 price target on shares of Rightmove in a report on Monday, July 28th. Peel Hunt reiterated a “buy” rating and set a GBX 885 price objective on shares of Rightmove in a research report on Friday. Berenberg Bank raised their target price on shares of Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Royal Bank Of Canada upped their price target on shares of Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a research report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 796.40.

Rightmove Trading Down 12.5%

The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The stock’s 50 day moving average is GBX 701.37 and its two-hundred day moving average is GBX 745.52. The company 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.

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.