Rightmove (LON:RMV) Shares Down 11.5% – Time to Sell?

Rightmove plc (LON:RMV) traded down 11.5% during trading on Friday . The company traded as low as GBX 474.50 and last traded at GBX 579.74. 911,384,750 shares changed hands during trading, an increase of 9,742% from the average session volume of 9,260,425 shares. The stock had previously closed at GBX 655.40.

Analyst Ratings Changes

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

Rightmove Trading Down 12.5%

The stock has a market cap of £4.40 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The firm’s 50 day simple moving average is GBX 697.98 and its two-hundred day simple moving average is GBX 744.37. 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.